Hi CB, <<I don't have the skill set to test that hypothesis, but I am trying to learn how>>
The issue for investors at the here in the now is of course 'ought we be at the epicenter of the real world testing of Greenspud's theories when such market testing takes place'?
Your answer and mine are the same, regardless of our assupmtions and analysis, 'cash'.
<<"oooo, oooo, it's a Big Number">> A big number is debt, ever bigger number is money in circulation, all seemingly to be growing faster, and have grown faster, for some time, than the rate of economic growth, never mind aggregate profit and profit growth required to pay down principle plus interest.
FED is trying to keep the debt serviceable. They may succeed, for a while, if the debt level does not continue to expand faster than GDP, for a long time.
The thought that money in circulation is somehow a centrally planned experimental vehicle guided with the imprecise steering stick of interest rate by Professor Greenputin is disconcerting, but then, as someone often say, it just is, and so we place our bets, the same way.
Chugs, Jay |
