Aug

22

The New Normal, from Jim Sogi

August 22, 2010 |

 This talk about the "new normal" reminds me a little of the new economy at the turn of the century where by high p/e's were the new norm, where sky high values were the new norm. The talk has shifted to bonds, where the sky high values and super low yields is now the new normal. We saw what happened when that last bubble burst. Is this another one of the Fed's bubbles like the last one they created? It seems many of the market disruptions are cause by the unintended consequences of governmental actions getting out of control. Like the thermostat experiments.


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