Signal MGI rebuts the argument that the high US Tobin's Q reflects mismeasured intellectual property
Summary
MGI records the counterargument that the high US equity-to-net-asset ratio is an artefact of mismeasured intellectual property in a technology-led market, and answers that the argument would require assuming IP investment never depreciates or becomes obsolete, against statistical agencies' usual three to seven years of useful value.
Classification
Main topicMacroeconomy & Finance
Secondary topicsAI & Computing
Region menusGlobal
Occurrencescope:country · geo_region:north_america · country:US
Impactscope:global
Time horizon0-3 years (2026-07-26)
Last updated2026-07-29 04:49:52
Evidence 2
- The global balance sheet 2026: Imbalance and divergence McKinsey Global Institute page=40;section=Endnotes 2026-07 accessed 2026-07-26
- The global balance sheet 2026: Imbalance and divergence McKinsey Global Institute page=40;section=Endnotes 2026-07 accessed 2026-07-26
Part of trends 0
No objects.
Directly linked issues 1
- IssueTobin's Q should converge to one, which the US ratio contradicts1 trends · 2 signals
Relation types: direct_urgent
Public id: fm-79aada6b13c4