"But if the profit share stays near its current level; there seems little basis for concerns about a bubble in the market."
And if it doesn't? If the profit share reverted to the 1999 level, the price to earnings ratio would be about the same as it was in 1999. On Wed, Apr 29, 2015 at 2:59 PM, Louis Proyect <[email protected]> wrote: > Dean Baker says no. > > http://www.counterpunch.org/2015/04/29/is-the-stock-market-another-bubble/ > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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