Shiller's bear to Siegel's bull - who do you back?
Robert Shiller and Jeremy Siegel are it again.
A healthy discussion going on here.
For my money, Shiller's correct about tax cuts fueling extraordinarily high stock valuations.
Also, consider what happens with Tariffs and the trade war if Trump is no longer there.
Siegel, on the other hand appears to be saying 'nothing to see here folks' because at the moment we are in territory where relative to bonds, stock valuations are more favourable.
Who are you backing?