Wall Street Rallying is a Debt Rally (US Taxpayers Subsidising a Systematic Passage of Wealth)
- Dr. Roy Schestowitz
- 2023-07-23 01:01:44 UTC
- Modified: 2023-07-23 01:01:44 UTC
Earning money and borrowing money are two very different things
Summary: This coming week some companies like GAFAM will announce "results"; just remember that Wall Street valuations and share prices are speculative and fictional "prices" (partly influenced by buybacks, i.e. embezzlement), based upon faith and belief rather than true worth and actual potential; Twitter, for instance, was never worth 44 billion dollars. To give two more examples, Cloudflare Inc. has a market cap of 22.10B, but it cannot even make money. Spotify Technology SA is "valued" at 33.21B, but in the past year it lost about a billion dollar (it also has billions in debt).
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