Good one!
<<push up asset prices ... shorting the confetti you use to buy the assets with>>
and when no normal assets (stocks, long bonds, real estate)are good any more, folks go for the pure useless ancient commodities, in solid, liquid and gaseous states, bars, coins, barrels, tanks, or, in the ground.
<<tech stocks and similar deflation proxies are a different kettle of fish, since their assets aren't worth anything>>
and to keep fish fresh smelling, one needs lots of electricity. Coincidentally, to keep the ancient commodities fresh in the ground, one needs to have unaffordable electricity. Neat, the symetry, the poetic justice, the denounment, the spank for Uncle Greenspanky.
Chugs, Jay |
