Economics is known as the "dismal science" for a reason, and your ECON101 rehash doesn't help anybody.
Stocks have a high PE today because interest rates have been low since 2008, so investors have no choice but to buy real estate or stocks.
Most European countries don't have functioning economies, so buying on Italian or Spanish exchanges is pure speculation.
Economics is known as the "dismal science" for a reason, and your ECON101 rehash doesn't help anybody.
Stocks have a high PE today because interest rates have been low since 2008, so investors have no choice but to buy real estate or stocks.
Most European countries don't have functioning economies, so buying on Italian or Spanish exchanges is pure speculation.