Sovereign Origin on Nostr: Growth in real economic terms is good or at least an indicator the company adds ...
Growth in real economic terms is good or at least an indicator the company adds value. We agree!
However the case I am making is that due to many distortions; money printing, CPI measures, marketing, oligarchy and monopolistic policy pushing, ZIRP, ..., it is very hard and almost artificial to quantify of indeed true value was added.
I'm furthermore arguing the case of NVIDIA to show there is a good case of fiat disease lurking and at least for gamers, its more marketed value than real value (and we don't see it in the numbers).
To address your point about leverage and growth: Leverage is natural, it's human expression of the belief of a future return, and said leverage is used to increase the chance to realise the goals that are desired. Any loan is a form of leverage. However they do express a short term mindset. Whether growth is achieved is a different question, and if growth is forced for the sake of growth or almost always comes at a price, albeit sometimes not a monetary one. On a sound money standard, incentives should lead to healthy growth and natural leverage.
However the case I am making is that due to many distortions; money printing, CPI measures, marketing, oligarchy and monopolistic policy pushing, ZIRP, ..., it is very hard and almost artificial to quantify of indeed true value was added.
I'm furthermore arguing the case of NVIDIA to show there is a good case of fiat disease lurking and at least for gamers, its more marketed value than real value (and we don't see it in the numbers).
To address your point about leverage and growth: Leverage is natural, it's human expression of the belief of a future return, and said leverage is used to increase the chance to realise the goals that are desired. Any loan is a form of leverage. However they do express a short term mindset. Whether growth is achieved is a different question, and if growth is forced for the sake of growth or almost always comes at a price, albeit sometimes not a monetary one. On a sound money standard, incentives should lead to healthy growth and natural leverage.