Evidence

Format Online paper / PDF

"In Smolyansky’s decomposition, falling risk-free rates account for all of the expansion in price-to-earnings multiples from 1989 to 2019."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Three Sleepy Kings

Source title End of an era: The coming long-run slowdown in corporate profit growth and stock returns

Source authors Michael Smolyansky

Source year 2023

Confidence high

Importance high

Format Online paper / PDF

"Lower interest expenses and corporate tax rates mechanically explain more than 40 percent of real U.S. corporate-profit growth from 1989 to 2019 in Smolyansky’s decomposition."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Three Sleepy Kings

Source title End of an era: The coming long-run slowdown in corporate profit growth and stock returns

Source authors Michael Smolyansky

Source year 2023

Confidence high

Importance high

Format Online paper / PDF

"Paul A. Cantor, wrote that money is a central source of stability, continuity and coherence in a community while interpreting Mann’s fiction."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Three Sleepy Kings

Source title Hyperinflation and Hyperreality: Thomas Mann in Light of Austrian Economics

Source authors Paul A. Cantor

Source year 1994

Confidence high

Importance mid

Format Online paper / PDF

"Asset management experienced a substantial multi-decade shift from active to passive investment strategies."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title The Shift from Active to Passive Investing: Potential Risks to Financial Stability?

Source authors Kenechukwu Anadu; Mathias Kruttli; Patrick McCabe; Emilio Osambela

Source year 2020

Confidence high

Importance high

Format Web Page

"During Pi Network’s beta phase, the Pi app ran on a centralized Pi server while the future blockchain was being developed."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Pi Cryptocurrency White Paper

Source authors Pi Network

Source year 2019

Confidence high

Importance mid

Format Web Page

"Pi Network marks March 14, 2019 as its official launch."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Pi Cryptocurrency White Paper

Source authors Pi Network

Source year 2019

Confidence high

Importance mid

Format Web Page

"A BitConnect promoter admitted using social media to make materially false and misleading statements to attract investors."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Director and Promoter of BitConnect Pleads Guilty in Global $2 Billion Cryptocurrency Scheme

Source authors U.S. Attorney's Office, Southern District of California

Source year 2021

Confidence high

Importance mid

Format Web Page

"BitConnect operated as a Ponzi scheme that paid earlier investors with money from later investors."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Director and Promoter of BitConnect Pleads Guilty in Global $2 Billion Cryptocurrency Scheme

Source authors U.S. Attorney's Office, Southern District of California

Source year 2021

Confidence high

Importance mid

Format Web Page

"BitConnect Coin was first released through an initial coin offering in November 2016."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Seeking Potential Victims in Bitconnect Investigation

Source authors Federal Bureau of Investigation

Source year 2019

Confidence high

Importance mid

Format Web Page

"U.S. investigators reported that OneCoin lacked a true public and verifiable blockchain."

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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE Back With Satoshi

Source title Manhattan U.S. Attorney Announces Charges Against Leaders Of “OneCoin,” A Multibillion-Dollar Pyramid Scheme Involving The Sale Of A Fraudulent Cryptocurrency

Source authors U.S. Attorney's Office, Southern District of New York

Source year 2019

Confidence high

Importance mid