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Strategies & Market Trends : Galapagos Islands
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To: Oral Roberts who wrote (43386)7/3/2003 10:22:59 AM
From: zonder   of 57110
 
My humble understanding is that the stock prices are hiking because of the pumped up liquidity. Where does all this money go? Not to the negative real interest rates. Not to housing, since everyone and their dog has double mortgages by now. It goes to some very misguided investments (with such low discount rates) and of course into the stock markets.

Who cares if that leads to the next bubble? Not the Fed, apparently...
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