Why collect taxes if you can print the shit at will?
Basic law of supply and demand --- too much of any particular widget and the price of the widget drops
the dollar is a widget
simple simple simple
You don't know much about real estate do you?
Or asset classes in general
hint hint -- look for asset classes that are cheap cheap cheap
notice anything?
no? I thought not....
have a nice day
Some self deceptions are small and relatively unimportant - like the continuing notion that America won the War of 1812
Other self deceptions like democracy and the free market are big and important
We could not live without them.....
every trading book in existence uses past data to support current arguments
some useful insights - but don't try to model your activities after them
its kinda like talking about how you picked last weeks lottery winner using last weeks winning number
all very interesting - but the debt will be monetized
politicians do not have the will to unwind these things -- politicians of either ilk (left, right or center)
so the dollar is 'scrip' waiting to happen
you heard it here first....
Agreed -
They have been reduced to whipping trailer-trash to a frenzy over 'forced euthenasia' and 'rationed health care'
man, that aint much of a constituency left my brother
talk about 'meet me at the bottom of the barrel'.....
laughing...
there is a common misconception that there people making real money who spend any time on ET at all
that misconception is what keeps ET online - basically through ad revenue
'the present value of future earnings' really only makes sense if the stock delivers dividends
without dividends, investing in equities depends entirely on 'the greater fool' showing up at a later date to justify your risk