Albert Edwards never fails to amuse me.
The Equity Yardstick is a little known valuation tool that is based upon the liquid money supply in the US economy. The liquid money supply as measured by the MZM aggregate (Money Zero Maturity) has risen by 6.2 per cent during the past twelve months. That's slightly below the long time average, but hardly any deflation.
A white male with some professional experience in finance and investing.