3 ms·
That seems to be a value that would be valid for a different era. I am not sure whether we can go by those same numbers for the current market environment (espe
by humanlion87 6y ago
That seems to be a value that would be valid for a different era. I am not sure whether we can go by those same numbers for the current market environment (especially after the QE starting from 2008/09).
- skohan 6y agoWould you agree that over 1k seems a bit high?
- MacsHeadroom 6y agoI'm not actually sure it is. 1000 is two orders of magnitude. One for the 2008/9 interventions and shift and one for the current. 1000 could even be low.
- skohan 6y agoI think QE maybe explains some of the decoupling of market cap from real-world value, but I'm not sure it justifies it.