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NOTHING IS PERMANENT EXCEPT CHANGE

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Yale economist and Nobel Prize winner Robert Shiller’s measure of long-term stock valuations is pointing to much weaker returns ahead. The Shiller CAPE has been a reliable indicator, seeing downturns on Black Tuesday in 1929, Black Monday in 1987 and the dot-com bubble. Shiller’s friend and sparring partner Jeremy Siegel disputes the outlook, saying several […]

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