Sydney, Australian icon city, put on a great show last night, according to my brother currently there with his close friends. Amazing picture from the beautiful harbour and on that note I wish all a very happy new year and a very prosperous one too. May all of you make a ton of money in 2012, after all that is why we are in this business!
Happy New Year too Tiho !
ReplyDeleteFred
Happy New Year!!
ReplyDeleteTiho, take a look at the velocity of M2 Money Supply chart in St Louis Fed website. It has completed a classic five wave down from the 2000 of 2.1 right down to the 1965 low of 1.6. Maybe that explains why despite the gigantic money printing, hyperinflation has not yet occurred. However, from the chart you can also see that such moves were often followed by equally powerful rises in money velocity later. I sense that we might be close to witness the hyperinflation of our generation soon. :)
ReplyDeleteBtw, here is the chart:
ReplyDeletehttp://research.stlouisfed.org/fred2/series/M2V
Congratulations - your PSLV call is looking good. Well done.
ReplyDeleteThank you Bob. Hopefully I got it right, but it is still early days to know.
ReplyDelete