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That was Bernake's innovation. Artificially low interest rates allowed stocks to grow faster than the economy for decades. However, it may be that stocks now n
by mellavora 4y ago
That was Bernake's innovation. Artificially low interest rates allowed stocks to grow faster than the economy for decades.
However, it may be that stocks now need to re-value to match the value of the economy, i.e. give up that ~5% delta that they've compounded over the last few decades.