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Since the #COVID19  shock in the first quarter of 2020, cyclically adjusted price-to-earnings ratios have mostly recovered to their pre-pandemic levels, note @RobertJShiller  of @Yale , Laurence Black of The Index Standard, and Farouk Jivraj of @Barclays .

@RobertJShiller  of @Yale , Laurence Black of The Index Standard, and Farouk Jivraj of @Barclays  explain why soaring equity prices in five world regions may not be as absurd as many people think.

A new indicator confirms the relative attractiveness of equities worldwide, particularly given a potentially protracted period of low interest rates. @RobertJShiller  of @Yale , Laurence Black of The Index Standard, and Farouk Jivraj of @Barclays  explain.

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