Source: The Mother Of All Irrational ExuberanceNone of them, it might be noted, were valued at 280X shrinking net income, as is Amazon today; or at infinite PE multiples like much of the biotech sector and momo hobby horses like Tesla.More importantly, the promising macro-economic situation at the turn of the century has given way to a world precariously balanced on $225 trillion of debt and the tottering $40 trillion Red Ponzi of China.
Fed, ECB, BoJ, PBOC Balance Sheet + Global Systemically Important Banks + Emerging Markets - Zerohedge
Source: "Get Prepared" For The Chaos To Come, Snyder Fears Global Financial Bear Market Looms - ZeroHedge
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