At the beginning of 2018, we initiated a new EVA series titled “Bubble 3.0” with excerpts from David Hay’s upcoming book tentatively titled “Bubble 3.0: How Central Banks Created the Next Financial Crisis”.
One of the reasons for the proliferation of technological innovation within the United States over the last several decades is due to its “lighter touch” on regulation when compared to global counterparts. Even when comparing the tech industry to other industries within the United States, the technology sector is the least regulated industry with just 27,000 federal laws verses 128,000 for the financial sector and 215,000 for manufacturing.
At the beginning of 2018, we initiated a new EVA series titled “Bubble 3.0” with excerpts from my upcoming book (tentatively titled “Bubble 3.0: How Central Banks Created the Next Financial Crisis”).
Last week, I had the good fortune of hearing two thought-leaders speak at separate events. One gentleman I listened to is a Corporate Vice President (CVP) at Microsoft and is leading the technology giant into its next phase of growth and development. The other gentleman was John James, a very impressive 37-year old running for US Senate in the state of Michigan.
Are US stocks more overvalued than at any other time except 1929 or 1999? Or are they even more expensive? Or are they reasonably priced, as so many media commentators and Wall Street strategists contend? The answer sort of reminds me of the old story of various people applying to be hired as an accountant at a certain firm.