The document discusses the elevated global asset prices, analyzing an equal weighted index of 15 DM government bond and 15 DM equity markets back to 1800. It highlights that bonds are currently nearer 100% in terms of expense compared to equities, indicating a period of very elevated global asset prices.
doj/DataSet10/EFTA01384478.pdf
{"title":"Long-Term Asset Return Study: The Next Financial Crisis","document_date":"2017-09-18","document_type":"financial","document_subtype":"financial analysis","key_organizations":["Deutsche Bank AG"],"reference_numbers":["DB-SDNY-0084701","SDNY_GM_00230885","EFTA01384478"]}