GH2 Unfiltered: One picture, and your free ARC of MYM 2020

How Expensive are Stocks? 3 Standard Deviation Expensive

This doesn't require sophisticated explanations. Stocks are super duper expensive when compared to the past. This is higher than the dot-com bubble, and almost twice as expensive as they were just prior to the financial crisis.

On the flip side, there is powerful, coordinated Central Bank intervent…