If you look at the valuation of stocks today compared to earnings and dividends and relative to historical averages, it’s not obvious that the stock market is overvalued, in fact a lot of models will tell you that it’s undervalued given how strong profits have been.
~ John Williams, president, Federal Reserve Bank of San Francisco, November 5, 2013
(Comments made in a press roundtable following the Asia Economic Policy Conference.)
Showing posts with label people - Williams; John. Show all posts
Showing posts with label people - Williams; John. Show all posts
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