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Yes, indeed. Thought I'd change "intrinsic valuations" to "rapid change in valuations". If you deflate over time slowly (or simply slow growth expectations) yo
by johnnyanmac 1y ago
Yes, indeed. Thought I'd change "intrinsic valuations" to "rapid change in valuations".
If you deflate over time slowly (or simply slow growth expectations) you can prevent a pop. That doesn't tend to be what historically happens, though.
- mlyle 1y ago> to "rapid change in valuations". Yes. This seems to be what you're doing-- carrying the metaphor too far. I believe the common use relates the asset prices to intrinsic or fundamental values.