fundamental value

Uncomfortably Revisiting Yellen’s Bubble Doctrine

By |2015-09-23T17:35:37-04:00September 23rd, 2015|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

There is growing turmoil in buybacks that threatens the very fabric of the stock bubble. That was always the primary transmission of the foundation of its current manifestation, corporate debt, into asset prices; especially the huge run following QE3 and QE4. As represented by the S&P 500 Buyback Index, this liquidity propensity has found a durable reverse. After peaking all [...]

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