Knowledge is Power: FIRE, US Stock Valuations, Retirement Edition

Before the Global Financial Crisis(GFC) of 2008-09, FIRE used to mean Financial Services, Insurance and Real Estate(FIRE) to define the US economy. FIRE sectors used to the hottest to be in. Then the FIRE burned out economy. Nowdays millennials have redefined FIRE to be Financial Independence Retire Early where people extreme measures to retire as early as 30 or 40 to escape the daily grind of crazy corporate life in the US.

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