>The money congress injected with the stimulus theoretically causes goods and services inflation... But that didn't happen last time and it may not again.
This was neither the theoretical point of quantitative easing nor the end result.
​
> I think that p/e's in the 30-40 range for the class of stocks that used to be considered high if in the 20s are the new norm because of that.
This is EXACTLY (I'm not kidding, nearly word for word) what people were saying before the last bubble collapsed.
This Time Is Different: Eight Centuries of Financial Folly
I would seriously consider investing in this book.
You are very welcome. I'm glad there's a place for my acquired years of knowledge and experience.
Here is a great book that I highly recommend along these very lines.
https://www.amazon.com/This-Time-Different-Centuries-Financial-ebook/dp/B004EYT932
It's literally one of my favourite books
but yes that does seem to be an intellectual problem in the investment cowmmunity
ah right, "it's different this time"