I couldn't agree more. Where's the methodology? As far as I know, the original Shiller data is reported in nominal terms. How was this graph corrected for inflation?
In 1982 the Bureau of Labor Statistics (BLS) began modifying the method for calculating the Consumer Price Index (CPI). Economist John Williams at ShadowStats.com publishes an Alternate CPI that employs the method used by the BLS from 1913 to 1982. It would be interesting to see this graph corrected for inflation using the 1890 method for calculating CPI.
Credit Crisis Watch: Are the Markets Thawing? [View article]
Great analysis. I'd guess that all recessions are accompanied by a degree of credit tightening (increasing spreads). Is it possible to adjust the above data to remove the recession component so that we can see the true impact of today's financial collapse/crises.
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Latest | Highest ratedU.S. housing prices: a reality check. [View news story]
I couldn't agree more. Where's the methodology? As far as I know, the original Shiller data is reported in nominal terms. How was this graph corrected for inflation?
U.S. housing prices: a reality check. [View news story]
Money managers and analysts who have studied past bear markets say they have yet to see the signals of a true market bottom. [View news story]
Credit Crisis Watch: Are the Markets Thawing? [View article]
DMB