Jeremy Grantham: "We've got an artificial rate structure ... And we're going to use that as a yardstick? We're going to say 'Stocks are cheap because they are less utterly ludicrous than a 30 year bond, or cash which is deeply negative?'"
https://www.bloomberg.com/news/videos/2021-01-22/why-grantha...
@14:51
Isn't the market's current valuation actually not that expensive given the fact that it isn't only 3 month T-bills that earn practically nothing? 1, 5, and 10 year bonds are equally bad in terms of ROI at the moment, right?