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As to the anomaly that began in the mid 90s I will refer you back to my previous comment: https://news.ycombinator.com/item?id=23206885 https://news.ycombinato
by harryh 6y ago
As to the anomaly that began in the mid 90s I will refer you back to my previous comment:
https://news.ycombinator.com/item?id=23206885 https://news.ycombinator.com/item?id=23206885
- cft 6y ago"Modest decline" of interest rates to 0 and into negative unleashed massive QE where the stock prices are tied to buy back programs and Fed purchases of corporate bonds more than to the fundamentals. I refer you to my original comment https://news.ycombinator.com/item?id=23206117 https://news.ycombinator.com/item?id=23206117
- harryh 6y agoI'm not sure why you have modest decline in quotes as that wasn't something I wrote. As you note, the decline in interest rates is quite large. Indeed the fact that in some cases it has crept under zero is quite significant.
- deleted 6y ago[deleted]