What does does tomorrow's DJIA have to do with the amount of money I'll get when I start cashing out in 30 years or so? As far as I can see, not a whole lot. Sometimes (often) markets are priced above the fundamental worth of stocks, and sometimes they're priced below. So what.
If the average FR post today were 100 characters shorter than the average post yesterday, given that FR has 2,000,000 posts, would that mean that FR somehow 'lost' 200 megs of post-stuff between yesterday and today?
Stock prices may sometimes be useful as a means of predicting value, but there are many factors that affect stock price (especially in the short term) that do not affect value. So why do you care about trying to maintain high prices?
You just summarized the problem somewhat well. Not very well, few people get your FR gazillion post analogy, but I do.
Gubmint tried to re-price the lending risk through central planning. Socialism has never worked, doesn’t work and will never ever work.
Anybody paying attention gets it.
Yep. Well said.
This is another case where I have to recuse myself from the discussion. There are laws against me commenting on stuff like this.