[kennethh]

In mye MBA studies the teacher for accounting had done research on return of equity (ROE) and it showed over time 10+ year for all Norwegian companies it stuck around 9.3% If something become very profitable then many companies should start to target that marked and the profit should be less over time. It is reasonable to think the same thing should happen now.

[pydry]

Unless market consolidation has reached a sufficiently high threshold.

[prepend]

Is there a significant change in market consolidation across all areas in the past 3 years?

Were M&A higher more recently?

It seems odd to me that market consolidation happened in all areas of the CPI and it’s happening at the same time as extremely high money supply is just a coincidence.