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Strategies & Market Trends : The coming US dollar crisis
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To: Larry S. who wrote (22325)8/25/2009 8:35:58 PM
From: Real Man  Read Replies (1) of 71431
 
Some folks expect p/e of 5 at the bottom like it's 1980. That's not
gonna happen, cause rates aren't at 14-15% either. We are in
the credit contraction cycle, but we can monetize as well to
decrease the leverage in the system. Now, rates that high can
happen if the country as a whole goes bankrupt, which is why
currency runs are so ugly. But, unless they actually do, stocks
are fairly valued at higher multiples.
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