Assets around the world are at peak valuations, according to Deutsche Bank, which released its annual Long-Term Asset Return Study a few days ago. [buffett] This year’s volume of the asset return study is aptly named Scaling The Peaks, as the data presented in the report shows that at least three major asset classes, bonds, stock and real estate are all trading close to peak valuation levels relative to history. To see a well constructed counterargument on using 200 years of data see this piece by Josh Brown of The Reformed Broker. Assets are at ‘peak valuation’ Deutsche Bank examined over 200 years of data to arrive…
Deutsche Bank: Assets Are At 'Peak Valuation' According To 200 Yrs Of Data
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