On his two favourite measures, the q ratio (which compares share prices with the replacement cost of net assets) and the cyclically adjusted price/earnings ratio (which averages profits over ten years), the American market is still overvalued, by 41% and 37% respectively.
Even though Spain, France, Portugal, Poland, the Netherlands and Slovenia are getting up to two years more time to lower their deficits, Brussels is still pushing for some of its favourite measures including labour market reforms, welfare adjustments and (although slower) fiscal consolidation.
America's favourite measure is output per man-hour in the non-farm business sector.
What was once the Fed's favourite measure of money, M2, has grown by 10.5% in the past year, nearly double the average pace in previous recessions.
The Bank's favourite measure of inflation, which excludes both mortgage-interest costs and indirect-tax changes, was unchanged in July, at an annual rate of 2.2% (see chart).
Over the past 12 months America's core consumer-price index (ie, excluding food and energy) rose by only 1.1%, and the Fed's favourite measure of inflation, the core personal consumption expenditure deflator, by only 0.8%—the smallest rise in the 45-year history of that index.
It collates 10 indicators, including Mr Osborne's favourite measure of standards of living: Real Household Disposable Income (RHDI) per capita.
The price index for core personal consumption expenditures, the Federal Reserve's favourite inflation measure, rose by 2.1% in the year to March, down from 2.4% in the year to February.In the euro area the unemployment rate fell in March, to 7.2%, from 7.3% in February.
What are your favourite versions of Measure for Measure?
The BBC iPlayer, Yorkshire Tea and Dyson have all made a list of the UK's ten favourite brands as measured by BrandIndex, a daily measure of brand perception among the public.
Yet if we're measuring "favourite" by what I've played and loved the most (and really, how else should we measure it?), then there is no competition – it's eight years since I first cast my ears over this rapturous record and still barely a week goes by where I don't feel the urge – no, more than that, the need – to play it.
