They said, this is a good asset class.

Then more and more people liked this asset class.

So the 1 million asset would really become an 800,000 asset.

It's the same asset.

So that's the asset.

So it's an asset.

That's an asset, right?

That's its asset it has.

So it's an illiquid asset.

This is a real asset.

Why is cash an asset?

The entire asset was his equity.

It's derived from the original asset.

That improves my return on asset.

So I would revalue the asset.

So cash could be an asset.

So that's what an asset is.

He would be a great asset.

But anyway, the whole point of this video is, is when you have these asset bubbles, like in real estate, and you have this downplaying of risk, and this psychology that an asset class can only go up.

So when you have an asset, if the asset is cash, the rent on it is interest.

So it's like 3rd class, 2nd class, 1st class.

And so you create a derivative asset.

I have a 5 return on asset.

He's getting this great return on asset.

I'm getting this crummy return on asset.

So my return on asset is 7 .

I have one asset in the world.

So for example, cash is an asset.

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Do Low Interest Rates Ensure High Asset Prices?

Today we talk of people as an asset.

So the asset value is all in equity.

So this is kind of a frozen asset.

We thought we had a 4 billion asset.

The rights on those payments that's the asset.

Pez dispensers would not be a liquid asset

We say that we have a 60,000 asset.

And he had this great return on asset.

Imran's getting a 7 percent return on asset.

So now my asset nothing has really changed.