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Record low interest rates have a lot to do with it. If they rise significantly that 38 PE will get slashed a great deal.
by valuearb 5y ago
Record low interest rates have a lot to do with it. If they rise significantly that 38 PE will get slashed a great deal.
- asdfasgasdgasdg 5y agoRight, the question is whether the record low interest rates will actually need to be slashed at all. We are seeing some inflation in some sectors -- lumber, computer hardware, probably other things I'm not mentioning. But it's not clear whether this inflation is from supply shocks, displaced consumption due to COVID, or monetary issues. I mean, it's all three, but it's not clear how much of the responsibility lies with each cause.