From the Screen of the Strategic Investor

Thought I would start a set of daily links.  In part, this helps me keep track of them (though of course, I also have favorite lists and folders) and also because some of these are really interesting.


Investments and Valuation:

CAPE naysayers are wrong.  Arnott and his crowd discuss the evolution of CAPE over time (generally higher) and consider return to the mean.  Smart guys.  They are aware of the threat of valuation indifferent buyers and sellers.

Is the bond market finally about to swing back into a long-term bear market?  Seems tantalizingly close, but then global rates are low and demographics seem likely to create valuation indifferent buyers here, too.


Economy

Are we at the top of the job cycle?  This is a non-trivial question.  Seems pointless to create lots more jobs when there aren't enough workers.