Bill Dudley Warns That US Stocks Are in Bubble Territory
Bloomberg Television·2026-08-20 20:58
Bill, I want to start off first with this idea of the bubble itself and sort of what the metrics you're using, uh, to, I guess, make that judgment call that this is indeed, uh, a bubble or a bubble territory. Well, the first thing you see is just the equity market valuations are really stretched. If you look at the Shiller case, uh, ratio, uh, it's 41 all the time.I was 44 in December 1999. The average over the last, uh, you know, 25, 30 years has been around 17. Uh, you look at the real equity risk premium ...