Institution, I am glad you are high today. Make plenty by shorting? Good on you.
Well, you tell me where the money in your wallet come from. Free money might not 100% true. I forget the printing costs.
In the digital age, it could be virtually free since adding a few zeros won't cost much.
It is economy 101. Reserve bank or Fed Reserve will print more and more money year after year. It will find a place in salary increase, train ticket increase, electricity bill increase, school fee increase, hotel rates......
On the surface, the government benefit most, get free money fro reserve bank. Well, Keynesian economics think it is OK since government is elected by taxpayers and citizens. The money will spend on taxpayers and citizens. No harm done. Well, You know what is like to rob peter to pay paul, zero sum game.
Too much theory, good luck. I am not economist, I just read a small book written by Peter Schiff.
tuesday after double pomo, page-9
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Last
7,988.1 |
Change
-25.300(0.32%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,013.4 | 8,013.4 | 7,918.9 |
| XJO (ASX) Chart |