Could we be in store for another 1987-style stock
The dog days of summer have been anything but boring in 2019 as inverting yield curves, recession worries and an under-fire Federal Reserve have had markets in tumult and investors re-assessing their expectations. Here’s what we’ve been reading. Institutional Investor examines the Yale Model, and why the path of endowments trying to copy David Swensen is littered with failures. How The Recession of 2020 Could Happen from Neil Irwin at the New York Times.