Will the Stock Market Crash? Part 2 of 2

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3/10/2022Updated: 3/11/2022

Commentary

In my last column (“Will the Stock Market Crash? Part 1 of 2”), I answered this question in the affirmative, on the grounds that the market was the second most overvalued in history according to Shiller’s CAPE Index, and it had the highest level of margin debt since the Great Depression. Both conditions set the market up for crashes in the past.

Steve Keen

Author

Professor Keen is a distinguished research fellow at University College London, an author, and has received the Revere Award from the Real World Economics Review. His main research interests are developing the complex systems approach to macroeconomics and the economics of climate change. He has entered politics as the lead candidate in New South Wales for the new Australian political party The New Liberals. His main research interests are developing the complex systems approach to macroeconomics, and the economics of climate change. In an unusual step for a retired academic, he has entered politics as the lead candidate in New South Wales for the new Australian political party The New Liberals.

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