Several reports on science education suggest that students at all levels learn better if they are immersed in a project that is long term, yielding results that require analysis and interpretation.
The felicitous phrase "taking away the punch bowl" was Bill Martin's, and our country sailed through the late 1950s and up to the mid-1960s with an orderly 3% GDP momentum, low inflation and long-term Treasurys yielding 4.5%.
Now that long-term Treasurys are yielding a tiny 3%, they make a whole lot of sense for risk-averse retirees.
The behavior of this Freddie Mac may not come close to past experience and you may end up with a long-term, low-yielding, illiquid security.
Conceptually, we could see long term Treasuries yielding 6 percent, not 4.5 percent, unless commodity inflation is contained.
The firms are still assuming that their pension-fund assets will keep yielding between 4.5% and 5.5%, although long-term bond yields are scarcely more than 2%.
Indeed, Berkshire Hathaway is arguably the leading example of a company run to maximise its long-term value, rather than yielding to the short-termist pressures of the stockmarket.There is much to learn from Mr Cunningham's stories about the companies that Berkshire Hathaway owns.
The Fed can't raise rates or it will risk making the liquidity crisis even worse, so it dares do nothing but jawbone, even though long-term Treasurys should be yielding at least one to two percentage points more than they are today.
Finally, we linked annual air pollution estimates to annual residence coordinates, yielding long-term residential exposure indices for each individual.
The long-term 10-year bond was yielding 3.45%, down from 3.60%.
After three weeks, the measured sample height was 11.8 mm, yielding a long-term rebound of 32.6%.
