equity prices

Discount Bubble Check

Yesterday was the quarterly release of the Financial Accounts of the United States (Z1), formerly titled as the Flow of Funds, which means we get updates on the asset bubbles through Q1. That starts with equity valuations, with the components to Tobin’s Q being revised all over the place. The Q ratio is made up of the total value of equity [...]

Downward Revisions Push Valuations Even Higher

By Jeffrey P. Snider|2014-06-09T12:22:28-04:00June 9th, 2014|Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

The quarterly update of the Flow of Funds Report (now called the Financial Accounts of the United States, but still Z1) means we can update a couple measures of stock market exuberance – Tobins Q and Market Value of Equities compared to GDP. The delay in preparing and releasing the data, however, means staleness since the latest estimates are for [...]

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