Dec 02
If you only read the bottom paragraph you’d get the gist of the entire article but it’s worth reading if you have the time. clipped from www.pimco.com My transgenerational stock market outlook is this: stocks are cheap when valued within the context of a financed-based economy once dominated by leverage, cheap financing, and even lower corporate tax rates. That world, however, is in our past not our future. More regulation, lower leverage, higher taxes, and a lack of entrepreneur
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