Normal
If national savings outstrips economic expansion we will get an increase pricing multiple as excess cash chases limited investment opportunities - overpaying for investments undermines returns so it is something to worry about.Possibly the best measure to keep an eye on it is this ratio and it doesn't look concerning to me at the moment.[ATTACH=full]70915[/ATTACH]
If national savings outstrips economic expansion we will get an increase pricing multiple as excess cash chases limited investment opportunities - overpaying for investments undermines returns so it is something to worry about.
Possibly the best measure to keep an eye on it is this ratio and it doesn't look concerning to me at the moment.
[ATTACH=full]70915[/ATTACH]
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