No. of Recommendations: 7
I had seen that article, and enjoyed it.
I've never before seen a nice single chart showing the Buffett Indicator through time for different parts of the world. (if you summed them, it would pretty much eliminate the flaw of not taking into account local sales by foreign firms and vice versa)
I was intrigued by the comment:
"Some scholars argue that Fisher was analytically right: markets were indeed valuing the US capital stock correctly in 1929"...so I looked up the research paper he alludes to and read it.
This gave rise to my post over on teh METAR board.
mungofitch writes on Market bubble numbersJim
