Massive Money Printing And Nothing To Show Except A Giant Financial Bubble, Part 3

Today we consider another indicator of the central bankers’ money-printing folly: Namely, the soaring ratio of global stock market capitalization to GDP. This development means, in turn, that valuations have become radically decoupled from the underlying income of the global economy, which is what ultimately supports profits growth and equity market capitalization levels. Thus, back […]
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