E-Mail 'Carl Sagan - Glorious Dawn (ft Stephen Hawking)' To A Friend
Email a copy of 'Carl Sagan - Glorious Dawn (ft Stephen Hawking)' to a friend
Loading ... Loading ... Loading ... Loading ...
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight. ~Jesse Livermore
Macro Notes
in our new world, what multiple should be paid?Peter Boockvar
Without getting into a discussion on healthcare and its politics, one reality of our soon to be new system is the inevitable further rise in government spending that is headed to 25% of US GDP from its long term average of about 20%. In order to finance this, there will be a smaller private sector and as a result, there will be slower economic growth as nothing is for free. Should the average P/E ratio over the past 100 years of 15x still apply going forward or should there be a revaluation of the multiple paid for US corporate earnings?...
read more »
The Big Picture is proudly powered by
WordPress
Entries (RSS) and Comments (RSS).
© Copyright Ginormous Content Limited 2010. All Rights Reserved.
Entries (RSS) and Comments (RSS).
© Copyright Ginormous Content Limited 2010. All Rights Reserved.