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Archive of entries posted on 18th August 2014

Sour-puss economists. Observations on telecom

Europe is up. Futures are up here. Sour grapes in today’s New York Times (so what’s new?): The United States stock market looks very expensive right now.  The CAPE ratio, a stock-price measure I helped develop — is hovering at a worrisome level…nothing I’ve come up with is a slam-dunk explanation for the continuing high […]