Profits as % of GDP will have to decline much more from current levels - to a historical mean.
This is definitely going to be a very bearish development for some asset classes.
Also note that every major decline in profits as % of GDP was followed by a recession (shaded area).
Investment implications are discussed in depth in each issue of The Peter Dag Portfolio.
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George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
Disclaimer. The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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2 comments:
Don't forget to add links to your new book on both of your sites.
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