This is the reason
why most financial institutions default payments to «EAP» — because it's generally in your best interests to do so.
Not exact matches
I have ignored reasons that might justify lower discount rates or higher GDP adjustments for China mainly because the purpose of this essay is to explain
why the U.S. multiple is so much higher than China's, and of course these reasons exist, but I think whatever the correct ratio should be, there is no question that advanced economies always justify higher multiples than developing economies because they tend to be economically more diversified and politically more stable, and they usually have
institutions, including clearer legal and regulatory frameworks, more sophisticated capital allocation processes, less rigid
financial systems, and smaller state sectors (which make smooth adjustment, one of the
most valuable and undervalued components of long - term growth, more likely).
Why do you think every
financial journal or wealth assessment tool places us squarely within the top tier of richest teams in the footballing world or do you think that is just another example of the elaborate conspiracy on the part of all media
institutions bent on bringing down the 6th place team in the EPL, as Wenger and his
most ardent supporters would have you believe.
The fact that exchanges are not included as
financial or payment
institutions has been confirmed as the
most probable interpretation by several Chinese Bitcoin users, and is the arguably the only interpretation that makes sense — otherwise,
why would the People's Bank write that Chinese Bitcoin exchanges are not allowed to operate in one section and then state that they are required to register with telecommunication authorities in another section?
Solid predictions are beyond the reach of
most pros like myself, which is
why financial institutions offer derivatives to hedge one's investments.