Again, that is
cheap on a global basis.
Not exact matches
The Cambria's
Global Value ETF, a fund
based on Faber's quantitative screen for
cheap international stocks, posted 33 percent return for the 12 - month period ending June 30.
For many of these banks, valuations look
cheap both historically and
based on global ratios.
Based on 20 years of
global data and nearly 90 years of US data, the energy sector has never been
cheaper on price - to - book multiples than it was at the end of 2015.1 The skeptics» response to these compelling headline valuations tends to be suspicion of book values, which indeed are likely overstated in some instances and vulnerable to further impairment.
As the Danish statistician Bjørn Lomborg has shown in study after study, life expectancy is increasing
on a
global basis, including in the Third World; water and air in the developed world are cleaner than five hundred years ago; fears of chemicals poisoning the earth are wildly exaggerated; both energy and food are
cheaper and more plentiful throughout the world than ever before; «overpopulation» is a myth; and the
global picture is, in truth, one of unprecedented human prosperity.
On a
global basis, stocks are
cheap.
The investment team at Forager Funds Management is unequivocal:
cheap stocks are difficult to come by —
on a
global basis.
Energy transitions: future without fossil energies is desirable, and it is eventually inevitable, but the road from today's overwhelmingly fossil - fueled civilization to a new
global energy system
based on efficient conversions of renewable flows will be neither fast nor
cheap.
But China's growth, and growing
global political and economic dominance, is
based largely
on cheap coal.
By then, annual CO2 emissions from the US and EU will be somewhat reduced (my prediction,
based on recent trends), CO2 emissions from industrializing nations will be higher, alternative sources of energy will be
cheaper; and we'll have 20 more years of experience with the natural disasters that will recur dramatically with or without
global mean warming or cooling.
That all sets up to make the UK REIT market relatively
cheap, particularly
on a
global basis.»