News: 2013-11-19

Markets
Stocks Are Way, Way Overvalued: GMO - MoneyBeat - WSJ
"In a report titled ”Breaking News! U.S. Equity Market Overvalued!“, Ben Inker, head of the asset allocation group at GMO, comes out with some eye-popping numbers. He argues that the S&P 500′s fair value is 1100, about 40% below Monday’s closing level, and the expected return is -1.3% a year, after inflation, for the next seven years.
Small-cap valuations, he writes, are even more elevated."
The Dow, Adjusted for Inflation - NYTimes.com
 
Economics
Academics back students in protests against economics teaching | Education | The Guardian
Are real rates of return negative? Is the “natural” real rate of return negative?
The Grumpy Economist: New vs. Old Keynesian Stimulus
John Cochrane's take shows you that there is a...


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