Archivi tag: GDP

Topping the business cycle?

Oltre a essere incompleto, il Pil è anche impreciso, non è adatto ai tempi rapidi delle decisioni di oggi e per giunta arriva in ritardo. Quanto meno si deve integrare con altri indicatori. Proprio usandoli, in questi giorni, emerge un dubbio: e se fossimo al vertice del ciclo?

As well as being incomplete, the GDP is also inaccurate, is not suitable for rapid decisions today and in addition is always realesed too late. Is a good practice reading it with other indicators. Some of them tell us we could be at the top of the business cycle, yet.

“Il toro per le corna”. Ma la Borsa può salire ancora?

Investing in the stock market yields to investors 5-years returns depending from the timing of their investments. Investing when P/E is above 17 could result in poor 5-years performances, unless the real gdp growth will exceed the 3% p.a. Investing in the stock market with the current 14,1 P/E is a risky “border line” strategy.