The Stock Price To Everything Ratio

Importantly, even though Q4 2017 is seven quarters after that low point, profits from current production remain slightly lower than the prior peak registered in Q4 2014. This is not what stock prices, in particular, have been anticipating. It also undercuts the inflation hysteria narrative provided especially by the unemployment rate; adding further basis to alternate views on the labor market that run contrary to wage acceleration and even economic recovery overall.

 

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