||7 of 7 people found the following review helpful.| A great read, even though the subject is complex|By Customer|"Wall Street Revalued" (2009) is a great sequel/victory lap to "Valuing Wall Street" (2000) by the same author.
Smithers clearly saw coming what neither Greenspan nor Bernanke did. And he tells you how to value the stock markets so you too can see the next crash coming. He refutes Bernanke's claim that||"...an economist with a good record in identifying bubbles...provides evidence" (Financial Times, August 5th 2009) "Mr Smithers makes his case convincingly, dismissing alternative indicators of valuation, such as the dividend yield, along the way" (The Econ
In 2000 one of the world’s foremost economists, Andrew Smithers, showed that the US stock market was widely over-priced at its peak and correctly advised investors to sell. He also argued that central bankers should adjust their policies not only in light of expected inflation but also if stock prices reach excessive levels. At the time, few economists agreed with him, today it is hard to find those who would disagree.
In the past central bankers have den...
[PDF.bh98] Wall Street Revalued: Imperfect Markets and Inept Central Bankers Rating: 4.60 (683 Votes)
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You can specify the type of files you want, for your gadget.Wall Street Revalued: Imperfect Markets and Inept Central Bankers | Andrew Smithers. Which are the reasons I like to read books. Great story by a great author.
