> It wasn't always this way.. you used to have to make solid product with a business model that clearly showed growth AND profitability.
Its because there isn't anywhere to put cash.
The market tolerance has expanded because the market was desperate for things to invest in.
So whether it is non-voting shares, profitless companies and bigger issuance sizes, it is all a symptom where there is no predilection for a cure.
The government's growth targets cannot be met without giving money to the credit worthy. Money is free for them and they have make more from that money. It doesn't "trickle down" very far, but it does still lack a place to go where a return beats inflation (the speed at which the government gives other organizations cheap money).
Its because there isn't anywhere to put cash.
The market tolerance has expanded because the market was desperate for things to invest in.
So whether it is non-voting shares, profitless companies and bigger issuance sizes, it is all a symptom where there is no predilection for a cure.
The government's growth targets cannot be met without giving money to the credit worthy. Money is free for them and they have make more from that money. It doesn't "trickle down" very far, but it does still lack a place to go where a return beats inflation (the speed at which the government gives other organizations cheap money).