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Skeptics Flag ‘Simply Ludicrous’ Stock Valuations, ‘Unprecedented’ Divergence Amid Central Bank Support

...depending on how hard the Fed wants to punch, that is a fight that is difficult to win.

...depending on how hard the Fed wants to punch, that is a fight that is difficult to win.
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3 comments on “Skeptics Flag ‘Simply Ludicrous’ Stock Valuations, ‘Unprecedented’ Divergence Amid Central Bank Support

  1. If this ends well (whether in 1 year, 3, 5, 10 or longer) I will be very surprised.

    Maybe there is a free lunch but I suspect not.

    If it was as easy as printing money it would have been done by many years ago. Sure inflation is different now (though judging by fin asset prices, housing, many services, etc it may not be so low) but ultimately printing money to fund deficits does not work.

    But hey, light this candle!

    • PaulMiller

      The national debt of the U.S. has increased for at least 100 years, and possibly for all but a few years of the history of the country. During my lifetime of 72 years, it has increased to the point of impossibility (Well, nothing is impossible, but you know what I mean.) of repayment. So, yes, “it” has been done many years ago, and continues unabated.

      I await the nuanced rebuttal detailing the difference between deficit spending, Modern Monetary Theory, and sovereign debt., which will completely invalidate my broader point.

  2. with $1.2 trillion in annualized balance sheet expansion from the Fed, ECB and BoJ ongoing,

    Only global market cap of stocks is increasing way faster than this by more than a factor ten.

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