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There are fewer and fewer dollars and banks keep getting more and more dollars from the government. Sooo... who is the loser = you. Who is the winner? Banks will own a bigger and bigger percent of the US thanks to government money. Cha ching. In a deleveraging you only need to own capital as everyone else loses everything. Banks know it. As long as the government backstops their loss they win. You loose. And they grumble about how bad it will be if they don't get more and more of your money. Silly isn't it.
Nov 25 03:07 am
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All Comments by Moon Kil Woong »U.S. Dollar Index Has 5th Biggest Decline Ever [View article]