That is an entirely different statement compared to the usual "it's the Fed"*.
Because the above is clearly ONE of the reasons for high equity valuations. The massive performance gap between USA and rest of the world (last decade) proves it's not THE reason (otherwise they'd be all buoyed equally).
Which is all I am trying to say.
*can we at least agree "it's the Fed" people believe rates are too low and this is what's pushing equities up?
I'm sorry, since you posted after my rebuttal of "it's the Fed", I lumped you in with "them", and I'm probably mistaken.ertyu wrote: ↑Mon Dec 23, 2019 11:22 amI never claimed the Fed is pushing up equities through lower interest rates, that's some opinion you don't like that you put in my mouth and kept arguing against even when I kept saying that no, US equities have higher valuations because of the higher US rates.
But I still think this statement of yours is at odds with your claim above.
If you claim QE pushes equities up
but we know QE pushes rates down
How can the USA having higher interest rates be the reason why US equities are up more
Something doesn't compute