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Stocks are cheap when valued within the context of a financed-based economy once dominated by leverage, cheap financing and even lower corporate tax rates. That world, however, is in our past not our future.
More regulation, lower leverage, higher taxes and a lack of entrepreneurial testosterone are what we must get used to — that and a government checkbook that allows for healing, but crowds the private sector into an awkward and less productive corner.
”There are Tails where the Tail lives as a kind of welfare state. Not this one. You starve in this Tail.”
—Economist Will Page with Mblox founder Andrew Bud and Page’s colleague Gary Eggleton, looked to see how large and valuable the “Tail” of digital music may be.
As China’s Losses Mount, Confidence Turns to Fear
This is what China is afraid of, should their economy begin to slow down
