– Crispin Odey Sees 80% Crash In UK Stocks With Recession, Inflation “Inevitable”:
“The FTSE 100 share index is now up 30% over five years, whilst earnings have fallen by 80%. On an earnings yield of 1.6%, the stock market could fall by 80% and, provided profits did not fall, would be on a 13x P/E multiple. The Bank of England is proud that they have engineered such a pleasant result but there is now increasing evidence that this is unsustainable.”
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Tags: Economy, Global News, Stock Market, U.K.
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