A part of the valuation issue that is not discussed enough is the distorting effect of the Fed’s QE since 2008. It created an overly hot stock market, which contributed to high valuations, which enabled exorbitantly high salaries, which distorted local markets in everything from coffee to housing.
thinker2501 t1_j27i2wx wrote
Reply to comment by Minute-Flan13 in The End of the Silicon Valley Myth by ONEcrazyHINDU
A part of the valuation issue that is not discussed enough is the distorting effect of the Fed’s QE since 2008. It created an overly hot stock market, which contributed to high valuations, which enabled exorbitantly high salaries, which distorted local markets in everything from coffee to housing.