Sentences with phrase «present contractionary»
The expansion of P / Es during the 1982 - 2000 bull market was responsible for 75 % of market gains; The present contractionary P / E cycle is partly responsible for the lowering the P / E of most stocks.
http://bigpicture.typepad.com/ Not exact matches
The risk presented by these developments is that, the longer they go on, the larger will be the contractionary effect on the economy when they inevitably turn.