Thursday, January 5, 2012

Financial Times Interview: Société Générale's Dylan Grice

Lifted from History Squared, vid at the FT:
  • We’re in an Ice Age of deleveraging and remain in the top quintile of historical cyclically adjusted valuations.
  • Schiller bottoms out at 7-8 times earnings, which equates to 450 on the S&P
  • High quality equities are becoming attractive, especially in Europe, but many other “cheap assets” remain too risky
  • ECB has time to fix; fund EFSF, which then imposes conditionality
Full Video:

Last month History Squared linked to the Grice/BBC interview.