Eh, kind of. Right now I'm hiring for a role where nobody remaining in my applicant pool is qualified (all have only some of the experience I need) but I'm probably still going to hire one of them. Does that "qualify" them? No. It just means I'm probably going to hire despite it.
I sell you a cat for $1B and you sell me a dog for $1B and now we’re both billionaires! Whether the capital markets “want” that or not it’s still silly.
Both parties would need the $1B prior to the transaction for it to even potentially be meaningful, and still they just traded a cat for a dog and only paid each other on paper.
That ultimately wouldn't be a big deal if the paper valuation from the trade didn't matter. As it stands, though, both parties could log it as both revenue and expenses, and being public companies their valuation, and debt they can borrow against it, is based in part on revenue numbers. If the number was meaningless who cares, but the numbers aren't meaningless and at such a scale they can impact the entire economy.
This is basically the opposite of how juror psychology works. Jurors in these cases tend to vote against defendants they identify with because they prefer to believe they’d never act like the defendant. Source: I’m a former jury consultant who researched and consulted on these kinds of cases.
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