Thursday, November 02, 2017
Asset prices become increasingly expensive
ANBOUND
Asset prices has become increasingly expensive. Every purchase of a "unit" of the S & P 500 index requires an American worker to work for 95 hours on average, an increase from 30% in the peak period of 2007, almost the double of the lowest point in 2009. Anbound believes the current stock market and other asset prices are basically in a high stage, if not the highest it would be in the process of becoming the highest. There may be limited room for the stock market to continue its sharp rise in the future as today's excess capital has over-drafted future liquidity.