The P/E ratio references "price" and "earnings". Both "price" and "earnings" are denominated using money. So it's not obvious to me how an increase in the money supply should affect this ratio.
BTW, in Shiller's book which was published right as the dot-com bubble popped, he has a chapter listing out similar late 90s structural factors, many of which could lead to permanently higher stock prices in theory.
Nasdaq is about 8x higher now than then, so 4x higher M2 is tight. Ofc there is always a chance that this time is different and that the markets are genuinely much more efficient :-)
My apologies - I'm speaking loosely of course. Translate all my claims about machines breaking the law into claims about humans using machine breaking the law.
Sorry, I wasn't trying to be pedantic. I was trying to make the point (which I think is in line with your point) that the fact that AI is involved here doesn't make a difference. It is a tool, but the people using the tool are (as always) responsible for the outcome.
You wouldn't need FAA ownership data and details on who/what owns what tail number to track "flying" or "not flying" status of the world's fleet of bombardier global 6000/7000/8000, dassault falcon 7x and similar, given open data from ads-b exchange.
At twelve cents for a half tail or twenty five cents for a full tail, I think I'll stick to just watching them climb trees and bury nuts. Especially since I'm expected to salt, straighten, and dry the tails first.
Yeah, they do sat they only want tails from squirrels harvested primarily for food; they don't expect or want people to hunt squirrels just the sell the tails.
Eh, you really shouldn't do that for any kind of file that acts like a (an impromptu) database. This is how you get corruption. Especially when change information can be split across more than one file.
Sorry, what are you saying shouldn't be done? Backing up untracked/modified files in a bit repo? Or compressing the .git folder and backing it up as a unit?
> Backing up untracked/modified files in a bit repo?
This. It's best to do this in an atomic operation, such as a VSS style snapshot that then is consistent and done with no or paused operations on the files. Something like a zip is generally better because it takes less time on the file system than the upload process typically takes.
I see what you mean, but isn't this an issue with any filesystem backup tool? Or is there something about untracked files in a git workspace that is different, that I'm not seeing?
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