Hobbes is famous for his early and elaborate development of what has come to be known as âsocial contract theoryâ, the method of justifying political principles or arrangements by appeal to the agreement that would be made among suitably situated rational, free, and equal persons.
TODAY the European Central Bank (ECB) launches its long-awaited programme of quantitative easing (or QE), adding lots of public debt to the private kind it has already been buying. Its monthly purchases will rise from around â¬13 billion ($14 billion) to â¬60 billion until at least September 2016.
Note, this high P/E ratio is taking place several years into an expansion, and is not a result of the business cycle being at a low point. Russell Investments, itself, knows how embarrassing this is, by reporting, P/E Ex-Neg Earnings 22.61 on its website (as of June 30th 2015).On the iShares website for exchange traded fund of this index, IWM, the P/E ratio is last shown as about 20.ote, this high P/E ratio is taking place several years into an expansion, and is not a result of the business cycle being at a low point. Russell Investments, itself, knows how embarrassing this is, by reporting, P/E Ex-Neg Earnings 22.61 on its website (as of June 30th 2015).