| From Mineweb.com: The Bubble Metric Index (BMI) is a measure of the distance between the fantasy of money and financial reality. In the past month, it has been weighing unusually heavily on the oligarchs who own pieces of Norilsk Nickel, Russia's largest mining company.
Especially those whose obligations have been secured by the value of commodities that have dropped in price, and by shares whose value has plummeted. In the Russian macro-economy, the BMI can be expressed as the distance between the market capitalization of the listed stocks, as recorded on the stock exchanges, and the money supply as reported by the Central Bank. Between the year 2000 and the autumn of 2005, the two measures tracked together closely...... Full Article: Source
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