Milton Freidman
Famous quote. Inflation is the result of devalued currencies.
Stock markets rocketing up all over the world.
Commodities strong. Lumber..... Steel....Silver....
Most people watch their domestic currency and lament strength. Lament the difficulty of putting people to work exporting goods. Populism strong. "Do Something!" they yell.
I think all currencies are going down in value. We must stop seeing them only in relation to each other. The fruits of the currency wars are getting ripe!
The reference points are resetting.
Control risk,
gh
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