Cruisin’ For A Bruisin’, Part 2
In Part 1 we showed that the traumatic 2008-2009 Great Financial Crisis and recession had essentially been for nought. That is, the sky-high PE multiple of 28.4X during the…
Written byDavid StockmanSource: David Stockman's Contra Corner
In Part 1 we showed that the traumatic 2008-2009 Great Financial Crisis and recession had essentially been for nought. That is, the sky-high PE multiple of 28.4X during the Greenspan housing bubble in 2004 resulted in a peak stock market capitalization of $21.0 trillion by 2007. In turn, this generated an eventual thundering crash in […]
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