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Amazon = $3 Trillion?

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Tags Booms and BustsThe FedFinancial MarketsBusiness Cycles

05/04/2016

Let us see how close this venture capitalist comes to putting a $3 trillion price tag on Amazon at its all-time high stock price. Amazon stock is now valued at $670 per share and is valued around $200 billion. He believes it will be worth $3 trillion in ten years time. That should be easy to achieve with hyperinflation.

However, this cover story seems to me to be like the old magazine indicator. This indicator found that when magazines like Business Week would put bold predictions about new bull markets on the magazine cover that it would signal a looming bust in the stock market.

Read here: Amazon to be worth $3 trillion!

Author:

Contact Mark Thornton

Mark Thornton is the Peterson-Luddy Chair in Austrian Economics and a Senior Fellow at the Mises Institute. He is the book review editor of the Quarterly Journal of Austrian Economics, and has authored seven books and is a frequent guest on national radio shows.

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