Monthly Archives: January 2014

Fear the Stock Bubble, but Don’t Sweat the Emerging Market Crisis

We review a few of our recent opinions for context before getting to the main point of this post: Is the U.S. stock market overvalued? Absolutely. In “Bubble or Not, U.S. Stocks Are Priced to Deliver Dismal Long-Term Returns,” we argued … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Comments Off

Why Next Week May Be Pivotal: Introducing the ‘JAJO Effect’

While this month’s stock market performance hasn’t been kind to the so-called January effect, this is hardly big news.  Most analysts had already recognized that other months yielded better returns of late. Take Burton Malkiel, author of A Random Walk … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , | 3 Comments

Tracking “Bubble Finance” Risks in a Single Chart

In his 712-page tour de force, The Great Deformation, David Stockman dissects America’s descent into the present era of “bubble finance.” He describes the housing bubble’s early stages as follows: The American savings deficit was transparent after the turn of … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , | Comments Off

This “Non-traditional” Valuation Measure Carries 3 Messages about U.S. Stocks

[S]tock prices have risen pretty robustly. But I think that if you look at traditional valuation measures, the kind of things that we monitor, akin to price-equity ratios, you would not see stock prices in territory that suggests bubble-like conditions. … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Comments Off

2013 Most Viewed Posts

Although CYNICONOMICS isn’t quite a year old, we’ll join the bloggers who report their most viewed posts at the end of the calendar year. We added up our page views here and on two other sites that publish our articles … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , | Comments Off