Energy and the Financial System: What Every Economist, Financial Analyst, and Investor Needs to Know by Roger Boyd
English | 2014 | ISBN: 3319042378 | 84 pages | PDF | 2,5 MB
The financial system acts as a time machine, pulling perceptions of the future into the present through such mechanisms as stock price/earnings multiples and assumptions about borrowers’ ability to pay back loans. The functioning of these mechanisms is critically dependent upon the perception of continued and perhaps limitless, economic growth.