> When interest rates are zero or negative, the value of future cash flows is huge and that is how you get PE and EBITDA ratios of over 100 and price/revenue mu

> When interest rates are zero or negative, the value of future cash flows is huge and that is how you get PE and EBITDA ratios of over 100 and price/revenue multiples approaching 100. If you are interested on how zero interest rates raise prices for assets, I wrote a detailed article about the technicalities: https://omarabid.com/zero-rates-world https://omarabid.com/zero-rates-world