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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: John McCarthy who wrote (94487)2/21/2009 12:33:16 PM
From: JBTFD  Read Replies (1) of 116555
 
I think to get a more accurate picture of where valuation should be you would have to also take in to consideration interest rates and their effect on debt service.

If you look at a graph from 1980s to now and ignore that part of the picture you will get an inaccurate impression.
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