At some point the equity market will start moving higher and keep going, to fantastic levels perhaps, if a serious inflation sets in. The stock markets in the Weimar Republic were spectacular, if one ignored the reality behind the appearance. We think it is far too early in the game for this, but are keeping an open mind to all possibilities.
- Jesse
But before then, I think we have a date with Mr Stockmarket Crunch. I just don't know when that date is.
4 comments:
It's what the yield is that counts, not the cost.
i.e. P/E should remain roughly* constant.
* Depending on whether companies can pass inflation on.
Good asterisk - will ours be able to?
Why do economic analysts always ignore the agenda from Europe?
I don't. I want us out. But even then, who will be run by? Does democracy work?
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