Thanks, Bligh, I had read the full original article. Implies $US 200-250 Billion of purely hyperthetic surplus in provisions , legally pilfered from US company pension funds, to boost earnings ( and valuation for exec option entitlements, no doubt ) Repayment required, if these fanciful yields are not realized.
Given it states that S+P500 earnings have most likely been overstated by almost 70% for years, this construes the true P/E of the S+P currently, by strict UK standards based on actual market valuation, is not say 25:1 , but still probably wildly excessive. Perhaps even twice that ratio, or worse.
