Investing in the Age of "Overvalued" Stocks & Homes with Nick Maggiulli

Published: April 13, 2022, 6 a.m.

b"Today, my friend Nick Maggiulli (COO of Ritholtz Wealth Management & former data scientist, as well as author of Of Dollars & Data and his new book, Just Keep Buying) joined me to talk about something that\\u2019s been (justifiably) freaking me out a little bit lately. To boil it down to its most layman's terms is the government\\u2019s money printing the reason why stocks and homes are worth so much more now, and does that mean we\\u2019re headed for a crash?\\xa0\\nMore to the point: What the hell do we do about it?\\nI think you\\u2019ll enjoy the little history lesson throwback (Kansas farmland in the 1970s, anyone?), the explanation of quantitative easing and expansionary monetary policy (I wish my Econ 101 professor could see my B+ self now), and\\u2014most importantly\\u2014the conversation I had with Nick about what we\\u2019re supposed to make of all this.\\nHere's the Politico article referenced.\\nPoint of clarification: We reference the S&P 500's PE ratio (25 as of this recording) and Shiller PE ratio, or CAPE ratio (36 as of this recording), in this episode, and (somewhat confusingly) switch between the two in the conversation. Nick originally describes the CAPE ratio, and then I ask him his opinion of the current PE ratio.\\nFOLLOW ALONG\\n\\nMoney with Katie Blog\\n\\nMoney with Katie Instagram\\n\\nMoney with Katie Twitter\\n\\nSign up for the Newsletter!\\n\\nFULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"