Dark Side of Deficits
Does the economy and the stock market go in sync? Is one a leading indicator for the other?
How do you value the stock market? Forward P/Es or Reported P/Es?
And how will our current deficits affect the answers to all these questions?
This is one of the best articles of the year, packed with information for you to fully understand our current situation. For your convenience, I’ve highlighted what I think is most important.