Chart y-axis is 0-100 for both Real Dow and Real Homes; for each, the all-time high is made equal to 100. The Real Dow and the 1.64 %/yr curve (here extrapolated) are from "the compelling Real DJIA, 1924-now" at http://homepage.mac.com/ttsmyf The Real Homes data are from a Robert J.
Comment 1-1 of 1 Last »
Massive mispricings are evident: please DO NOTE in section “Bubbles relative to GDP” near the bottom of
the near-GDP sizes of both recent bubbles. “The main enabler of sizable asset price bubbles (very harmful!) is keeping the real price histories out of sight.”
Patrick is moderator of this thread.
Email (Required, will not be visible)
Username (Just pick a name if you're new)
Watch comments by email
questions or suggestions? write email@example.com