Table of Contents

  • Shiller’s ‘Excess cyclically adjusted price/earnings ratio’ suggests little overvaluation.
  • But a Minsky typology suggests that prices are 5-6 steps out of 9 along the road to crisis.
  • We see no definitive overvaluation yet: but it is Minsky that we shall be monitoring.

 

Subscribe to receive more by Llewellyn Consulting

Let's get started...

Speevr Logo

Share this page

Comment: Asset prices overvalued? Two views and a conclusion

Shiller’s ‘Excess cyclically adjusted price/earnings ratio’ suggests little overvaluation. But a Minsky typology suggests that prices are 5-6 steps out of 9 along the