NASA unveils rare photo of metal asteroid valued at $10,000 quadrillion

NASA unveiled an artist’s rendition of rare photos of an asteroid valued at $10,000 quadrillion.

The asteroid named “16 Psyche” measures an average diameter of about 140 miles (226 kilometers), according to NASA Science, and scientists have speculated that it is made up of mostly metallic iron and nickel, much like Earth’s core.

NASA LAUNCHING 4G ON MOON: NASA is launching a 4G mobile network on the moon  

NASA plans to take a closer look at the one-of-kind object many think is worth more than the global economy in a mission set to launch in August 2022 and arrive at the asteroid in early 2026.

“The Psyche mission will be the first mission to investigate a world of metal rather than of rock and ice,” the NASA Science post said. “Psyche offers a

Read More

A Broadly Used Indicator Suggests That Stocks Are Fairly Valued

With the U.S. economy struggling to emerge from one of the worst recessions in history, it seems reasonable to ask why the S&P 500 is up 7% for the year. Are stocks wildly overvalued?

A measure that is often used to answer this question is CAPE – the ten-year average of the S&P 500 price/earnings ratio. According to it, stocks don’t seem to be overpriced at all.

In a recent paper published by the Federal Reserve Bank of San Francisco, economist Kevin Lansing notes that CAPE was at 30.9 at the end of the third quarter of 2020, or about 50% above its 60-year average of 20.5. A naïve conclusion from this observation would be that stocks are enormously overvalued. However, CAPE was higher two years ago, at 32.6 at the end of 3Q18.

Read More