I think this is a new one on me, but I just want to share with you that we are now at 16500 JPY in the US dollar. We have about $500 million in our savings account. We have more than $600 million in the bank. We have more than $5 billion invested in bonds and a few other investment accounts. We have about $5 billion in the market.
This is the lowest rate we’ve ever seen. It is a bit below our previous lowest rate in the 1st quarter of 2014, so it seems like a very sustainable rate of return. The amount of money in the savings account now is only half of what we had a couple of years ago, so we’ve gained maybe a couple of billion in a little over a year.
We have 3 billion invested in bonds. We have about 5 billion in the market. We have about 10 billion in the market. The bonds are worth about $3 trillion. They are worth about $120 million. They are worth about $5 trillion. We have about $150 billion invested in bonds. We have about $50 billion invested in bonds. They are worth about $10 billion. We are worth about $50 billion. We are worth about $50 billion.
The problem with this is that the market cap is so low it makes no sense for the market to be worth so much. When I say we have 70 billion in the market, I mean that we have 70 billion of the bonds in the market and we have 70 billion of the bonds in the market.
The math here is pretty straightforward. If the market cap is 5 trillion, then the market value of the bonds is 5 trillion minus 50 billion. If the market cap is a billion dollars, then the market value of the bonds is a billion dollars minus 50 billion. If the market cap is 2 billion, then the market value of the bonds is 2 billion minus 50 billion. If the market cap is 1 billion, then the market value of the bonds is a billion.
This is an example of how the market cap is often misread or abused. It really only measures the total value of all existing bonds, not how much the market is willing to pay for them. The real value of the bonds is the market’s ability to pay them at today’s prices. This is why the market cap is often misread and abused.
The market cap is an accounting tool that shows the total amount of all existing bonds outstanding. If the market cap is 2 billion, then the market value of the bonds is 2 billion minus 50 billion. If the market cap is 1 billion, then the market value of the bonds is a billion. The market cap is an accounting tool.
The market cap is not an accounting tool. It is simply a number. If you think the market cap is 2 billion then you are wrong. The market cap is the market value of all existing bonds. It doesn’t matter that you can’t calculate the market cap on your own. If you think the market cap is 1 billion, then you are wrong. The market cap is the market value of all existing bonds, and the market cap is NOT the market value of the entire bond market.
The market cap is the market value of all existing bonds. It does NOT mean the entire bond market. It does NOT mean the market value of all bonds.
