Tag Archives: price-to-earnings
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
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Tagged Arthur Burns, Ben Bernanke, bubble finance, David Stockman, full valuation, Greenspan, Greenspan put, Janet Yellen, price-to-earnings, price-to-peak-earnings, SPY, stock valuation indicator, The Great Deformation, William McChesney Martin
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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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Tagged Greenspan/Bernanke puts, Janet Yellen, non-traditional valuation measures, price-to-earnings, S&P 500, S&P 500 earnings, traditional valuation measures
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