Now, money is in the air.

After the last post 'All the assets are going down', there was a big crash in the market because of the fear of a credit crisis. I think the virus is strong but, Bill Gates says, we can overcome it soon. And he is a famous person. So, let's see whether he is right or not. All the people will not move, so we can expect a small market rally soon.

Even though we can't win the virus, all governments will print money until the end. Check the US 10-year bond. If FED buys the 10-year bonds, it will go to zero. And the US government will publish bonds. And the money will be in the real economy not only in banks. This is the same thing with the MMT. At that time, we can see the last big market rally.

But, I am not sure when the big market rally is. Because I think this market is not right. Why the US market crashed down? Because it's a bubble. I think this market has to go down much more. But, we are fighting the Virus now.

This is a Moral hazard. Trump steals money from you. and companies spend your money to buy their stock. Trump said higher, higher. And then. they sold it at the top price. The money was gone in the air because that price was a fake. And they say we have to print money now. They don't print money for a cheap medical system. But they can print money for their political life.

MMT is right. Inflation is the answer. But I am saying they made a bubble. They didn't care about the real world. It has risen 400% in ten years. So I don't believe the market rally. Listen. Just three people's wealth is the same as the bottom 30% of people's wealth in the US. Is this the right thing? Inflation is the answer, but not a bubble. Your money is not for a bubble market.


Market View
Currency swap [March, 22]

Background Music : fior-di-pelle
Written by Anna

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SURVUVAL II : March 2020, Hippie Village