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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (1359016)	5/17/2022 2:31:31 PM
From: Tenchusatsu	1 Recommendation Recommended By Broken_Clock Read Replies (1) \| Respond to of 1572941

BC, Clinton presided over the internet bubble that left millions of gullible Americans destitute. I still remember when companies were reporting pro forma earnings and relegated GAAP earnings to the footnotes section. There were some sky-high PE ratios that resulted from the exaggerations, and a lot of tax money was collected from people making it big on that dot-com boom. That's the bubble that Clinton rode. That's the bubble upon which Clinton "balanced the budget." Seems like we're seeing sky-high valuations again, only this time we have trillion dollar deficits. Something's gotta give. Inflation just seems like one consequence, no matter how major it is. Tenchusatsu