Monetary Game - Fed Fund Rate = 0.25% (RRR is 0 given inflation is not transitory) 零利率只能创造和驱赶流动性,但是绝不可能创造实体经济的增值。它的本质作用在于改善经济参与者对未来的预期,从而强迫和引导资本的投入和再配置。 Fiscal Constraint - US Debt / GDP ratio, Federal B ...
Something working in the past doesn't mean it keeps working. Fundamental said so. People claimed stocks are not expensive might have forgotten their finance lessons from university - If the equity's earning at high of its growth cycle, P/E ratio seems even lower, but this doen ...
Is the party coming toan end? Even a short term break? Market reaction today is kind of weird, index futures were all flying high before the open,but today's market move is kind of trash. Gap up big, and drifted down all day long. The momentum super ...