3 ms·
The malinvestment seems to be a byproduct of low interest rates, too many investment dollars facing too few returns, and increasing wealth inequality (further d
by JMTQp8lwXL 6y ago
The malinvestment seems to be a byproduct of low interest rates, too many investment dollars facing too few returns, and increasing wealth inequality (further driving too much investment capital).
- ekianjo 6y agoYup. Inflation created by QE ends up in the stock market where pretty much anything goes these days.
- rapsey 6y agoWhich means worrying about fundamentals like cash flow to market cap is meaningless. Those days are over. It is all about supply, demand and liquidity. Stock prices are a popularity contest and banks are full of cash so they are in no danger of crashing like in '08.