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• koheripbal 7y ago
  It's hard to under-emphasize the long term impacts of the Fed's actions to print (not literally print but buy assets (treasuries, corporate bonds, and even amazingly public EQUITY) in exchange for cash), and the impact it will have on the USD - the global reserve currency. Anyone who claims to know for certain what the impact will be, is a fool or a liar. We are in unprecedented monetary policy times. Maybe USD is cementing it's position as the global currency standard, maybe this will spell the demise of the USD and the US' economic collapse, or maybe not much will change at all. There are arguments for all three to be true.
  • aguyfromnb 7y ago
    >Anyone who claims to know for certain what the impact will be, is a fool or a liar. Why do you need to know for certain? If you're trying to make money, or even just "get by", you look at probabilities of possible outcomes and make your best guess on how to approach the problem. A mentality of "no one knows for sure, so it's pointless" is oddly unscientific. You only need to be "right" some of the time.