9.25.2024

QE has permanently ruined bonds for investors

You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better.

Since the Fed started manipulating interest rates with QE, you're behind nominal GDP growth by 2.4% per year.


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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...