Tag Archives: debt ratio
Breaking Bad News from the Fed’s Z1: Expansions Tend to Explode Near Current Leverage Multiples
In an earlier article, I argued that the S&P 500 (SPY) is more expensive than you might think if you only compared prices to trailing earnings. I recommended a different approach that suggests today’s valuation is similar to that of … Continue reading
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Tagged Alan Greenspan, Ben Bernanke, Bernanke put, Bernanke successor, Breaking Bad, CIU, CLY, credit bubble, debt ratio, debt-to-profits, financial report of the United States, flow of funds, Greenspan put, JNK, leverage multiple, LQD, moral hazard, NIPA, nonfinancial corporate debt, Robert Shiller, S&P 500, SPY, Walter White, whatever it takes central banking, Z.1, Z1
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63 High Government Debt Episodes and What They Tell Us about Our Options Today
Do you wonder what to make of America’s soaring government debt and what it means for the future? Or, if you already have it figured out, are you interested in research that might challenge your position? Either way, you might … Continue reading
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Tagged bond conversion, Carmen Reinhart, Cyniconomics, debt cancellation, debt ratio, debt restructuring, debt service moratorium, debt-to-GDP, EU structural funds, Fritz Bos, government debt defaults, IMF program, Kenneth Rogoff, Keynesian economists, primary balance, primary budget balance
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