MI230: Buffett Indicator Says Stock Market is Overvalued w/ Lance Roberts
The Intrinsic Value Podcast - The Investor’s Podcast Network
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How Long Do You Think We'll Be in a Recession?
earnings can grow faster than GDP coming out of a recession, right? Coming out of 2020 when we shut down the economy, we laid off all these employees and then we gave everybody money. So earnings were exacerbated back to the upside because you had these big profit margin gaps. You had no employees to pay because we let them all off, but you had this big influx of demand. But it can't do it over a long period of time because ultimately earnings are derived from the economy. The thing about they did a survey in the late 90s. I was probably 98, 97, 98. Nobody predicted a 13 year period of zero rates of return.
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