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In Reply to: RE: Contrarian Economist or just confused? posted by halfnote on May 01, 2008 at 22:23:36
Is probably that the USA has guzzled so much over the past century.
Now we have corporations with massive p2e ratings... but wait... don't I remember the tech bubble?
And sure as anything this one will burst.
Not that that doesn't mean some of them are good companies, but a burst is even now shuffling near to the event horizon.
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