Fine-tuning Shiller’s Cape Ratio

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Fine-tuning Shiller’s Cape  Ratio
By World Economic Forum from Cologny, Switzerland [CC BY-SA 2.0], via Wikimedia Commons


Nobel laureate Robert Shiller is famous for the cyclically adjusted price earnings ratio (Cape), which he used to predict the dotcom bubble. Alain Bokobza, of Societe Generale, argues to the FT’s John Authers that it now needs adjustment for tax changes.

Fine-tuning Shiller’s Cape

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