Comment to the blog "Off the cuff" (see below): Whatever happened to the mantra the markets always win?
It was exactly the point of my blog. The markets always win. The chaos we are in is happening because the markets are winning. The government created distortions and the markets are now uncovering these distortions.
You cannot buy houses if you do not have the money to pay...even if the government is sponsoring the trade. You cannot set interest rates below inflation and hope that everything is fine and inflations remains tame. You cannot lower interest rates below 1% and hope the markets are not going to take advantage of it.
Yes...the markets always win...always.
More, much more when you subscribe to The Peter Dag Portfolio on https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
1 comment:
Thanks, I now understand the phrase correctly.
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