The US looks very frothy when share prices are adjusted for the profits cycle – and also looks much more expensive than the rest of the world. James Mackintosh, investment editor, examines how much of this is down to differences in what type of companies list where.
Filmed by Rod Fitzgerald. Produced by Petros Gioumpasis.
Welcome to the new FT.com.
The same global insight. Faster than ever before on all your devices.