QE driving stocks to most expensive level ever

Advertisement

by Chris Becker

As market watchers fret over every word and detail uttered by the central bank oligarchs in Jackson Hole, Wyoming tonight, it bears (sic) remembering where stock valuations have been driven to due to the largesse of QE.

While the bond market bubble pushes to greater heights – so high that we’re running out of bonds to buy – can the same be said for stocks?

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe