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Home>Did Monetary Policy Cause the Recovery?

Did Monetary Policy Cause the Recovery?

Perspectives Content Submission

Mon, 21 Oct 2013

As investors, we should be aware that the current Shiller P/E of 24.8 (S&P 500 divided by the 10-year average of inflation adjusted earnings) is now above every historical instance prior to the bubble period since the late-1990′s, save for the final weeks approaching the 1929 peak. We should also b

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