Normal
I think if you updated that chart as it is constructed it would not show us currently above average. for a perspective on "real" earnings I prefer Nominal GDP Regressed earnings (avoids problems with interpretation of CPI as an inflation measure and helps put earnings in context of what seems to be a structural slowing of nominal GDP growth) we are below average on that basis, but not at historical deviations.The Cape10P/E graphs are also constructed as inflation adjusted.
I think if you updated that chart as it is constructed it would not show us currently above average. for a perspective on "real" earnings I prefer Nominal GDP Regressed earnings (avoids problems with interpretation of CPI as an inflation measure and helps put earnings in context of what seems to be a structural slowing of nominal GDP growth) we are below average on that basis, but not at historical deviations.
The Cape10P/E graphs are also constructed as inflation adjusted.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
