Efforts to Revive the Economy Lead to Worries of a Bubble - NYTimes.com

Efforts to Revive the Economy Lead to Worries of a Bubble - NYTimes.com

"There are more reliable measures of stock market value, and they look frothy. One gauge, the price of stocks based on the past decade of earnings, is named after the Yale economist Robert J. Shiller. Using that, stocks are too expensive by 65 percent...
“I am now starting to become less skeptical” that we are moving toward a new housing bubble, said Christopher J. Mayer, a real estate economist at Columbia University. When local money is on the sidelines and outside buyers come in to snap up real estate, that typically ends badly, he added."