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06-21-2021, 06:50 PM
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Sage
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Join Date: Mar 2018
Posts: 9,868
Thanks: 6,862
Thanked 2,238 Times in 1,806 Posts
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Quote:
Originally Posted by Laker14
I agree with pretty much everything you said, and would add one other wrinkle. I guess this started with the meltdown in 2007-2008, but the Fed's manipulation of interest rates has also been used, (excessively IMO) to keep stock values high. With no safe place to put money, the PE Ratio of the S&P 500 is now at a staggering 44.85...The Fed is now boxed in....raise rates to fight inflation, and the market will drop...keep rates low, or lower them some more to keep that stock market looking good, and inflation eats up the savings of those who can't afford the risk of stocks at a PE of 44.85.
the good news? Well, the good news is that the sales of my book "1001 Ways to Make Catfood Delicious" have been off the charts.
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Yes, gourmet cat food, everyone's favorite!
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