Heh heh heh...
Click the link or forward to ~4 minutes and ~8 minutes, or just listen to the whole thing.
Lauren is correct. Look at the TNX compared to when QE was instituted in all cases and then what happened when it ended. When The Fed intervenes it says it is trying to depress interest rates but in fact the opposite happens.
Why? Because interest rates are the time-value of money including the expected devaluation. When you raise that figure rates go up.
In addition credit and currency are fungible.
Peter has long argued for "coming hyperinflation." He's been dead wrong. He's wrong because the inflation already happened through the issuance of bogus credit.
Doubt me? What do you call stock prices going up by a factor of 14 over the last 30 years?
I love hosts who have enough chops to stick someone on the spot and insist that they defend their claims.
This is yet another example of why Capital Account is must-watch if you are interested in a display of critical thinking on television by the host -- a far cry from the bubble TV you'll find in the rest of the idiot box choices.
Where We Are, Where We're Heading (2013) - The annual 2013 Ticker
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