Jensen: US Corporate Value Currently Equals 26 Years of Earnings
Greg Jensen · Greg Jensen – Bridgewater Associates (Manager Meetings, EP.06) · Aug 12, 2021 · at 33:47
Bridgewater Co-CIO Greg Jensen outlines historical valuation metrics for US corporate debt and equity relative to corporate cash flows.
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“If you took what it would take to pay off the corporate debt plus the corporate equity value in U.S. Equities, you're talking about 26 years if it was like a family business and you're trying to pay off your parents as you inherit this business, it would take 26 years at today's valuation. That's a peak level. That's only occurred in 1999 in 1965 and 19 29 and 19 10.”
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