Brad De Long comments on Authers from the FT, adds this great chart:
and posts "Of course, going forward the current value of the Graham Ratio--of stock prices to the ten-year lagged moving average of real earnings--predicts that stocks will beat ten-year Treasuries by an average of 7.5% per year over the next decade..."
Wednesday, March 25, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment