Not exact matches
As I will discuss, the risk of
distortion and inaccuracy is amplified because start - up companies, even quite mature ones, often have
far less robust internal controls and governance procedures than most public companies.
From no wealth effect realization to meaningful financial market
distortions to
less Treasury issuance ahead, the Fed knows the costs and the risks (financial bubbles) of
further QE are outweighing the
less than hoped for positives.
It was around this time — in 1671, specifically — that Anton van Leeuwenhoek, a Dutch fabric merchant in Delft, developed a new but
far less ornate microscope with smaller, simpler and, ironically, better optics that allowed much higher magnification without the
distortion of the more complicated, expensive instruments.
Investors have assumed that stocks can be properly valued on the basis of a single year of earnings reflecting the benefit of massive fiscal deficits, depressed household saving, and extraordinary monetary
distortion — when the more relevant long - term stream of earnings will enjoy
far less benefit.