Increasingly Inefficient Bubbles – “The Liquidations In August & January Are Just The Start”
Submitted by Jeffrey Snider via Alhambra Investment Partners, Last week the Federal Reserve updated its quarterly Financial Accounts of the United States Z1 (formerly Flow of Funds) meaning that we can recheck valuation levels of the stock bubble from alternate points of view (data). The most common valuation given by the report is Tobin’s Q […]