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Podcast: The Schaftlein Report
Episode: Schaftlein Report | Where is the Economy Now and is it headed to a "Soft Landing"?
Description: 1) Has the Stock Market Inflated Too Fast? The forward P/E is 19.5. AI mania or reality driving optimism?  1A) The Federal Reserve Balance sheet is at $8.4T, down from a peak of $8.7T in March but double the $4.0T in March 2020  1B) Stock prices are at the same level as they were in March 2022 when Interest Rates started to rise. Apple trading at 31X forward earnings versus long term average of 15X Nvidia trading at 156X cash flow versus 14X over time  1C) The S & P 500 is closely tied to QE? What about QT happening now?  1D) The median Employee costs in t...