From EYES: BOE should turn on the money printing press again and cut taxes!
What does this mean?
Cutting taxes = less revenue
How to replace revenue shortfall? Money Printing
= Devaluation of money! USD devalue, GBP devalue, EUR Devalue = Global massive inflation.
Maybe stock prices will remain the levels now, because so much money is being printed. The stocks are Intrinsically worth less.
Anyway as i have said many many post back. DXY has to go to 82~83 before it hit the very important point.
From my screen it is 79.6 now.... not too far away.. by the time EURO will be $1.25
GOLD of all the things might be $1500 level...
This represents the global unwind of USD carry trade.
When it hits too high. the QE comes along and inflate it again! The game just keeps going.
0 comments:
Post a Comment