Quote Of The Day
I was talking to a coworker this morning about the stock market and the Fed’s injection of $1.2T newly-printed money into the economy. I made a point that I think bears repeating:
The stock market can lose value, while going up.
This is the insidious nature of inflation. They’ll inject this money and nominal prices will move up (houses, DJIA, S&P500, etc) — at which point they’ll claim that they’re fixing the economy.
Just like Germany did in the early 1920’s.
