
Financial Times
Jun 2, 2021 - 14 min
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This financial boom could be too good to be true. An unprecedented fiscal and monetary stimulus led by the Federal Reserve is fuelling a new investor euphoria. Here, Greg Ip explores what could happen when the government needs to tighten up the measures it took because of the pandemic. Will high-priced stocks earn the profits of their current valuation, or will they collapse under their own weight?