Some suggest stocks are cheap
Many pundits suggest that stocks are cheap and claim that PE ratios are at historically cheap levels!
Well, those pundits should consider that investors are discounting the value of those dollar based earnings in the future. Sure the SP 500 might earn $110 in 2012 but those $110 dollars will only be worth $85 given Fed Chairman Bernanke's pension for printing dollars.
When America's monetary policy is entirely made up of how many dollars should we print, and economists from the Obama Administration and leading academic institutions like Harvard, Princeton, Columbia, and University of Chicago all recommend printing money as the cure all, we are close to the end!
The thought that the Euro zone is worse off and have even bigger idiots in-charge of fiscal and monetary policy is no reassurance, but does impact how fast the US dollars falls relative to other currencies.
Well, those pundits should consider that investors are discounting the value of those dollar based earnings in the future. Sure the SP 500 might earn $110 in 2012 but those $110 dollars will only be worth $85 given Fed Chairman Bernanke's pension for printing dollars.
When America's monetary policy is entirely made up of how many dollars should we print, and economists from the Obama Administration and leading academic institutions like Harvard, Princeton, Columbia, and University of Chicago all recommend printing money as the cure all, we are close to the end!
The thought that the Euro zone is worse off and have even bigger idiots in-charge of fiscal and monetary policy is no reassurance, but does impact how fast the US dollars falls relative to other currencies.
Posted by Bradley Fluetsch at 8/29/2011 2:52 PM 
Categories: Economics
Tags: Obama Bernanke fiscal monetary policy stocks cheap bonds investment invest losses
Categories: Economics
Tags: Obama Bernanke fiscal monetary policy stocks cheap bonds investment invest losses
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