Talking about Amazon and, as Arnold Kling puts it, the 600 year payback period for buying their stock.
As FRoger Farmer discovered, folksactually die, He did some research on aggregate economics and, working backwards, discovered life is finite, about 70 years.So what is driving the longevity dreams?
Bernanke and his 2.4 T loan to the Swamp. That unamortized loan requires low rates and low volatility and yields the 600 year payback period. So, in fact, the market is the temporary money after Ben fouled the government fiat. Amazon, like Uber, perform banking services in a Bernanke TBTG insurance system.
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