The Monstrosity of a Bottle

The central banks have created a monstrosity of a bottle in the US most especially, more so than anywhere else in the world. You look at their stock markets, what happened from 2009 to 2021, we went up, S&P went up sevenfold. And now what they've done is come in with their five rally to five percent on Fed funds rate near five percent. They thought that we're going to punch a hole in quote inflation. Inflation is expansion in money units, quantity of money units. That flow goes somewhere. So there are times when the monetary events flow into an area that people aren't thinking about. Now there's a lot of asset and managers out there

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