another bubble run, page-117

thank you very much nic

and i do totally agree with you, economic conditions must be taken into account when grading market values with a PE

though also, keep in mind, regards interest rates, though interest rates are currently not anywhere near the highs they reached back in the 80's the principles on which the interest is currently being charge is much much more than it was then and i read somewhere recently that, even though interest rates are much lower than back in the peak of the 80's the actual dollars being spent on interest now is actually several times higher than it was back then, due to the much higher levels of principle back then. i guess an example of that is the real estate industry ... what would of been an 80,000 mortgage might now be 400,000 so of course the interest paid is 4 times as high. have wages increased by the same amount .... ABSOLUTELY NOT. i remember when i was a kid back in the early 80's my dad was working full time and brought home around 350 a week maybe a fraction more on overtime .... full time now on a standard wage i'm able to get around 18 dollars an hr which is roughly $500 per week. i must say, of all my friends and acquaintances, i don't know anyone bringing home more than $500 in a normal week unless they are a professional in their field of speciality ... not even the tradesman i know are bringing more than that. I'm in QLD and I know the figures are different in other states .. the ratios are the same though.

to be blunt i'm surprised our economy has not yet crumbled under the amount of outstanding debt.