Tuesday, February 25, 2020

Nobody "Invests" Anymore. We Are ALL Just Hedging Against Inflation

An important economic lesson to learn and share with the .000006% of the population smart enough to understand this, but with asset prices so high and so far above the incomes they generate, nobody is "investing" in the classical sense.  All we're doing is buying up assets that are going to go up in price more as we print off more money.  But don't worry.  The Millennials are the smartest generation ever and they will figure it out for us.

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