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Stocks not so Cheap

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December 02, 2008 – Comments (2)

Well, Yves has a post on a Bill Gross piece.

There's a few things in there that I've been saying. 

I didn't realise the financial-push-money-around-and-really-create-nothing had grown to 40%.  Seriously, the historical 8% average is high.  They've done a marvelous job convincing people that it is to your benefit to owe money and have savings or investments.  That industry gets a cut off this practice, plain and simple.  But wow, 40%....

2 Comments – Post Your Own

#1) On December 03, 2008 at 12:39 AM, starbucks4ever (97.86) wrote:

It will releverage quicker than evebydy assumes to be the case. There is no change of paradigm. 

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#2) On December 03, 2008 at 12:09 PM, Theige (84.78) wrote:

The 40% comes from emerging markets... in 1980 the developing world wasn't doing so well, today its a much different story

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