Tag Archive 'Robert Shiller'

Housing Bubble Charts!-Updated

Lance on Nov 26 2008 | Filed under: Housing Market

Here is a nice collection of charts based on Robert Shiller’s data. First, the really long term:
For those who haven’t been here before the housing category and tag has lots more on the bubble. My thoughts on the latest data, and that in reality this is long term a good thing, can be found here. [...]

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Are Stocks Cheap Yet?

Lance on Nov 18 2008 | Filed under: Asset Allocation, Domestic Equities, Valuation, indexes

Yes, but they are supposed to be if you want reasonable returns for the risk, which is one more reason the Fed Model is wrong. Compared to the past however not that cheap. Jim Hamilton takes a look:

We’re currently at a P/E around 14, a bit below the historical long-run average P/E of 16.3, meaning [...]

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Fundamentally there was no housing bubble? (updated)

Lance on Feb 14 2008 | Filed under: Economics, Housing Market, monetary policy

So claims Alex Tabarrok. Alex and his blogmate Tyler are two of my favorite bloggers, but on this matter I think Alex is wrong. Unlike for some, his argument doesn’t invite scorn, because humility should teach us that sometimes things are different, and we cannot always fully understand why, at least not until after the [...]

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Case-Shiller vs. OFHEO

Lance on Jan 17 2008 | Filed under: Housing Market, Latest data

There has been a considerable difference between the two indexes of housing prices. Calculated Risk notes a new paper analyzing why and notes these implications:
This suggests that one of main differences between OFHEO and Case-Shiller was that Case-Shiller included many non-agency homes financed with subprime loans. These homes saw more appreciation during the boom, and [...]

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