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» Brad revisits "irrational exuberance" from New Economist
I normally don't cite posts by Brad DeLong because I figure everyone reads his weblog anyway. But f you are one of the few who don't, then skip over now to read Musings on Assessing Irrational Exuberance. Almost a decade ago John Campbell and Robert Sh... [Read More]

» Things You Don’t Expect to See. from Tim Worstall
Brad DeLong: 3) 2% per year because the argument of Glasman and Hassett in Dow 36000 was one-twentieth correct: they argued that increasing risk tolerance on the part of stock market investors would raise long-run price-earnings ratios by 400%; it [Read More]


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