Evans-Pritchard: Stock Prices Way Off

The market price of stocks is way off, says British financial journalist Ambrose Evans-Pritchard.

“If you look at the sheer scale of global stimulus this year, what shocks is how little has been achieved,” Evans-Pritchard writes in the U.K. Telegraph.

China's exports were down 23 percent last month and Japan's were down 36 percent, Evans-Pritchard notes.

Moreover, industrial production has dropped by 23 percent in Japan, 18 percent in Italy, 17 percent in Germany, 13 percent in France and Russia, and 11 percent in the U.S.

“Call this a V-shaped recovery if you want,” Pritchard says. (more)