calvino

Evidence That Big Inflation Is Coming

You assume that the 10k proceeds from the sale of stock was not reinvested back in stocks. It was, and into CDO's as well, and into real estate and international equities. We have just seen a big chunk of wealth erased. Every central bank is now throwing money into this maw. It is true that their capacity is limitless, so let us watch how bonds do now. Last week, not so well.