2 ms·
The implication of the equality is backwards. Cheap money _drives_ absurd valuations.
by jxf 4y ago
The implication of the equality is backwards. Cheap money _drives_ absurd valuations.
- danuker 4y agoThen again, a company flush with cash will spend more, making money go round and more available. So maybe absurd valuations also drive cheap money. All income is someone else's expense.