I've been wondering about the continuation of very low interest rates and the high multiples in the stock market. Does it mean people are accepting these very low rates of return, low productivity (utilization of assets) or low standard of performance in investments? In other words, to make the same given dollars these days, society will have to employ and consume a much larger pool of resources. Is this a good thing for either the short or long haul? Any thoughts?
Leo M. Lee (Wu7wah)
[EMAIL PROTECTED]
Deep Cove, North Vancouver, B. C. Canada
"Only strong personalities can endure history, the weak ones are extinguished by it."
Friedrich Nietzsche
