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Flying on a Wing and a Prayer
The main essence, as we understand it, is that over the last 18 months the Federal Reserve has reduced its balance sheet by nearly $1 trillion. With less Fed credit available, market interest rates must go higher. As interest rates go up, asset prices (stocks, bonds, and real estate) will eventually go down. Continue reading
Posted in MN Gordon, Stock Market
Tagged buffett indicator, cape ratio, eiffel tower death jump, franz reichelt, investing, speculating
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