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Very true, but... Eventually all that money shows up as inflation. Which devalues the SPX. The wealthy have been net sellers of SPX for over a year now. It is
by aminorex 10y ago
Very true, but... Eventually all that money shows up as inflation. Which devalues the SPX. The wealthy have been net sellers of SPX for over a year now. It is only the collapsing velocity of money which has prevented an inflationary tear so far...but that has a hard limit at zero ( unlike interest rates) which can only be reached by either obliteration of technological society or a reorganization of economic activity to be uncorrelated with money flows
- charlesdm 10y agoIf you believe that, then you would do well to swap your dollars for some other currency used by countries with low inflation and a more prudent fiscal policy.