China is cyclically ahead of the US in its application of surveillance technology, and also because of the rise of digital payments in China.

Source: https://www.ft.com/content/2dc07f9e-d2a9-4d98-b746-b051f9352be3

However, there are many reasons to believe that future nominal GDP and cyclically adjusted earnings growth will be significantly lower as a result of slower real GDP growth.

Source: https://seekingalpha.com/article/4635542-major-equity-bond-reversal-expected-as-recession-approaches?source=feed_all_articles

The cyclically adjusted price-to-earnings ratio is no superhero indicator.

Source: https://biztoc.com/x/d1e1851f18405df0?ref=ff

The model estimates the long-run equilibrium between market capitalization and cyclically adjusted corporate earnings.

Source: https://biztoc.com/x/d6cb0f5ea9a0cb49?ref=ff