100% right..... and they should be rising the rates right now because when this next recession comes it will be stronger than 2009 and they will need to cut rates....
No wonder the Fed Reserve is rising rates and "extremely" slowly and conservative fashion will not re-invest the maturities via sucking in the money.... as on the next recession they will need to cut rates again and print more money..... same history different music and chairs....
But, the sheep are all on the believe that world economy is or will recover somehow without a healthy proper correction....
US P/E RATIO average around of 18 and the stocks like - Amazon at 179.60, Netflix at 195, and so forth..... this will ended up on a interesting correction this time around.....
The problem with major economies like the US and China correcting is that makes us... the OZ land tiny economy to correct at a much larger percentage this time around..... and the bubble goes..........
cheers
T10
Shorting the Housing Bubble in Australia, page-41
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