I agree with your basic premise, however I don't think the stock is overvalued or that there are many better, low risk opportunities about on the ASX 200. Again, your comment about outperformance being harder as the fund size increases is accurate as a generalisation, however the largest stocks on the Dow are the ones outperforming strongly on the SP500 in the last year, and I believe they will continue to do so. Also you completely rejected the currency argument, which gives huge amount of opportunity for outperformance.
"maintain the same deficit that will mean less gov spending which will lead to lower aggregate demand which will hurt business at the same time."
So you're an economically illiterate socialist? Lost all credibility. Marxist, demand-side scum.
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