Your article reads very much like mine, just that I have a simple explanation why the company is worth nothing and I already hinted at it 2 months ago:
First Comes Deflation, Then Comes Inflation [View article]
Please note that my money supply line at nimamahdjour.blogspot.... is not an inflationary argument. In fact, in my explanation I say that my line rather indicates deflationary pressures and a that slip into an outright deflation is rather likely at this point.
The Simple Explanation of Bailouts, Inflation, and Deflation [View article]
Hi, I would like to point out that the money supply growth that I regularly post at nimamahdjour.blogspot.... is based on a number that is slightly different from the TMS employed by the Mises institute, which is the one you used above.
It is a much cleaner number because it really only includes what is to be considered true money supply and it is hence a lot more indicative of future market trends.
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First Comes Deflation, Then Comes Inflation [View article]
The Simple Explanation of Bailouts, Inflation, and Deflation [View article]
It is a much cleaner number because it really only includes what is to be considered true money supply and it is hence a lot more indicative of future market trends.