Tag Archives: Greenspan/Bernanke puts

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

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“Pot Calling the Kettle Black” Classic: Fed Researchers Slam Dishonest Economists

An economist recently recommended that I read a paper by three Fed researchers titled: “Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis.” It was presented at a major conference last … Continue reading

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