The market reckons Deutsche can afford a DoJ settlement of up to €6bn without raising cash.
But that still left Alibaba's market capitalization above two hundred and twenty billion dollars, which means the market reckons that the company is more valuable than Facebook or Amazon.
If q were greater than one, companies could be expected to increase their investment, presumably until the market reckoned the company was now worth what its assets cost.
Still, people in the market reckon that the average maturity of banks' combined bond and swap portfolios is probably about four years.
But that still left Alibaba's market capitalization above two hundred and twenty billion dollars, which means the market reckons that the company is more valuable than Facebook or Amazon.
While China is the world's top location for contracting out manufacturing, it has just $2 billion of the outsourced-services market, reckons Bill Lewis, the founder of Temasys, a Singapore-based consultancy.
Some of the firms in that market reckon that the agencies' recent crusade against "predatory lending" in these markets is merely a figleaf to cover up their own predatory swoop.A recent study* by the American Enterprise Institute says that Fannie and Freddie are on course to "nationalise" the residential-mortgage market.
Now, the market reckons there is only a 30% chance of a cut in December, and that the Fed may even start to tighten again early next year.It is possible that the markets are being driven by factors other than expectations of economic recovery.
Gary Mittleman, the boss of Plug Power (a firm which, in collaboration with GE, a big American electrical company, is one of Ballard's rivals in the PEM market), reckons that it costs between $1,000 and $1,500 per kW to build or replace electricity grids in developing countries.
Carlos Ghosn, the boss of Nissan, which after a late start five years ago has grabbed a 5% share of the Chinese market, reckons there are over 100 domestic vehicle-makers jostling for position.Only Chery, by far the biggest local maker (it sold 489,000 vehicles last year, 120,000 of them for export), has anything approaching viable volume.
