Paulo

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

Jimbo - not too many people holding forth on stagflation as a possible scenario a couple of years from now. Why is that? And what would that mean in terms of equities, real return and other bonds, gold, commodities etc.

Global Stock Market Performance

And current P/E's may not accurately reflect country P/E's six months or a year from now. At best, reasonable people might conclude that Shanghai and the U.S. look expensive at the moment, despite differences on the other measures.