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11.04.2026 13:53
11.04.2026 13:00
Odd Lots: The Big Macro Force That’s Kept Stocks High (Podcast) Stocks have gone up over the years because corporate earnings continue to grow. That part is straightforward. But in addition to rising stock prices, we’ve also seen rising stock market valuations. For years, investors have talked about stocks being unreasonably priced, and yet they haven’t reverted to historical norms. But perhaps there’s a good explanation for this, beyond just animal spirits. Jonathan Heathcote is an economist at the Minneapolis Federal Reserve Bank, who recently co-authored

11.04.2026 11:00
America’s Anger With Europe Has a Definite Upside There’s much that’s up in the air as talks begin between the US and Iran in Pakistan this weekend, from the Strait of Hormuz’s closure to the exchange of fire in Lebanon. But it’s increasingly clear there will be a “before” and “after” the Iran crisis for America’s European allies as the transatlantic relationship plumbs new depths.

11.04.2026 11:00