“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Weaker Dollar = Lower Standard of Living
Look out when the "wealth effect" of higher stock prices evaporates in the collective realization that the Fed has caused serious misallocations of capital that will require years to repair.
