Liabridge's Economics Commentary

It’s The Money Supply, Stupid: 10-year Average Earnings- and Dividend Yields, S&P 500 (as of 21 Mar-14)

Posted by EcPoFi Despite this poor performance year to date, the S&P 500 index climbed to a new all-time high just a couple of weeks ago when it hit 1,878 on 7 March (based on daily data). Adjusted for CPI, the index is now higher than the peak from the last bull market which ended in 2007 and is now only lagging the record high from August 2000. The price return for the index was just short of 19% in real terms during the last twelve months with about 6%…