Not Expensive But Not Cheap Yet


Global vs US PE10 Valuations:  One of the most interesting aspects of the past decade has been the divergence in valuations between the USA and the rest of the world. A big part of the divergence in price/value has been driven by a massive divergence in relative earnings performance, with the US significantly and consistently outperforming the rest of the world in earnings…

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How about 2022’s $164B in giveaways to the wealthy? https://twitter.com/axelmerk/status/1620216423686746121
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