3 ms·
>When equities correct from the current Shiller PE ratio higher than 1929 I think you will find less people want to invest in a career token for someone. The g
by john_moscow 6y ago
>When equities correct from the current Shiller PE ratio higher than 1929 I think you will find less people want to invest in a career token for someone.
The government is actively preventing a correction by minting new dollars at unprecedented rates [0]. In this environment, the Shiller P/E doesn't make sense anymore.
The pressure in the society is building up and it's gonna eventually blow up, but it will follow some completely unexpected path because the usual safety valve has been welded shut.
[0] https://tradingeconomics.com/united-states/money-supply-m0 https://tradingeconomics.com/united-states/money-supply-m0
- JohnJamesRambo 6y agoI totally agree. We are already past where a correction should have occurred. They are just delaying and making the inevitable crash more violent with money printing. Like a volcano that hasn’t erupted for a long time.