The Impact of the Discount Rate on Valuation

The discount rate is really influential and it can cause funny behaviors when that discount rate is either, you know, is really high or really low. In the recent environment, where up until recently, before we had the rates come up a lot in the US, when the rates were really, really low, I think it's fair to say people could justify all kinds of crazy projects because the discount rate was so low. The manipulation of interest rates is also a massive problem, right? Because your governments are actually making financing of some of these projects that shouldn't be around just being viable. So this whole manipulation of lower interest rates that we've seen has created a lot of the problems that we