Profits, Payouts and Equity Prices, Part 1

TLDR: The value of corporate equity relative to GDP is at a historical high. But this does not necessarily mean there s a bubble: profits and shareholder payouts are also very high relative to historical values. I first started thinking about economics thirty years ago, during the (first) tech boom. This was the era of “irrational Continue reading Profits, Payouts and Equity Prices, Part 1