Loading...
Most Recent Stories

Radio Interview – Ponzi Monetary Policy, Buffett’s Favorite Valuation Indicator and Real Estate…

Here’s a radio interview I did last week with Dan Cofall on 1190AM. ┬áMy segment starts around the 4 minute mark. ┬áSome of the topics covered:

  • Explaining why monetary policy that directly targets stock prices can be misguided.
  • The Bernanke Fed is essentially implementing the same “wealth effect” strategy that the Greenspan Fed lived and died by.
  • Explaining Warren Buffett’s favorite valuation index – the Wilshire 5,000 relative to GNP.
  • I don’t think we’re currently in a stock market bubble, but I think this valuation indicator should be paid close attention to as it tends to show instability in asset prices when it’s well above the 100% level.
  • Why I think housing has probably bottomed, but will not boom again.

Listen in here.

Comments are closed.