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Shiller on why the U.S. CAPE ratio of 25 in 2014 has remained above 20 for most of the last 20 years

08/16/2014

He cites low interest rates, high bond prices, Fed policy, and lack of alternative investments as possible reasons for the high CAPE ratio levels in most of the last 20 years.

Grouped Articles

The Mystery of Lofty Stock Market Elevations

New York Times 08.16.2014


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