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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (4407)6/7/2001 12:31:23 AM
From: LLCF  Read Replies (1) of 74559
 
<Since the USA government owns the printing press and so do other countries own their printing presses, when they print more money, the government is the one which gets to spend it.>

You are partially correct... when the government prints more dollars current dollar holders lose value by that amount, since there are many foreigners holding dollars as a store of value there may be positive worth to U.S. citizens when more are printed. Of course what the money is spent on is another can of worms entirely.

<That's why you can be sure that stock markets will continue a permanent increase [with the usual downdrafts on the way].>

In local currency terms.

DAK
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