From 1989 to 2019:
➡️ 40% of corporate earnings growth driven by lower corporate tax rates
➡️ 100% of multiples expansion driven by lower risk free rate of return
Seems like it can't go on forever. Then again, 30+ years is a long time.
www.federalreserve.gov/econres/feds...
From 1989 to 2019:
➡️ 40% of corporate earnings growth driven by lower corporate tax rates
➡️ 100% of multiples expansion driven by lower risk free rate of return
Seems like it can't go on forever. Then again, 30+ years is a long time.
www.federalreserve.gov/econres/feds...
Seems like a stretch but I wouldn't rule out SCOTUS bailing out POTUS by "taking the blame".
Seems like a stretch but I wouldn't rule out SCOTUS bailing out POTUS by "taking the blame".