Goldman: It’s the Roaring ’20s redux!

Wednesday, 25 November 2020

I am always septical of the Squid. But I also have to admit that it has been more right this year than I have acting as the conductor of the suspension of capitalism and inflation in all assets. So let’s take another look at what it sees ahead.

It’s the Roaring ’20s Redux!

Those charts lead to crazy valuations unless you accept the equity risk premium argument. More:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.