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Jeff Ross's avatar

Another great educational piece, James! I passed it along to some of my family members as well.

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Mark Link's avatar

James,

I've been meaning to ask this for a long time, but keep forgetting (Old age!). Generally speaking the markets like to use historical metrics for the evaluation of "where we are". For example, using the P/E number to determine whether or not the market is expensive, or a good value. But since M1 and M2 money has expanded into historical highs, don't we have to increase our normative metrics to account for that expansion? Perhaps this would be a good topic for you to cover in the next informationist? Your thoughts.

Mark R. Link

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