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Is this an artifact of under-priced dollar debasement? The Fed is now actively purchasing bonds for FANG companies, these companies could in principal simply bu
by lumost 6y ago
Is this an artifact of under-priced dollar debasement? The Fed is now actively purchasing bonds for FANG companies, these companies could in principal simply buy back their own stock with this money at 0% interest.
This sounds an awful lot like the the situation where the imperial palace was worth more than California.
https://amaral.northwestern.edu/blog/how-much-was-japanese-imperial-palace-worth https://amaral.northwestern.edu/blog/how-much-was-japanese-i...