Turn on financial television at any random time, and you’re likely to soon hear the argument that still-high U.S. stock market valuations are “justified” by extremely-low interest rates. We’ve countered that these low U.S. rates are simply a reflection of the secular slowdown in economic and earnings growth.
Jun
19
2020
It’s Demographics, Stupid! (Not The Economy.)
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MSCI Developed Country Normalized P/E 10-Year Government Bond Bond Yield Demographics P/E RatiosLogin
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