Comment on Fed Announces Open Ended QE3parentComments−OzzyB13yIf you owe someone $1billion bucks and you can't, or don't want to pay it back, inflation is your friend.It should be clear to all that with the Fed keeping near-zero interest rates whilst printing more money, inflation is the objective and is underway...I don't know if that equates to "sabotage", but it's certainly not good for folks who aren't in the Asset Class.
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If you owe someone $1billion bucks and you can't, or don't want to pay it back, inflation is your friend.
It should be clear to all that with the Fed keeping near-zero interest rates whilst printing more money, inflation is the objective and is underway...
I don't know if that equates to "sabotage", but it's certainly not good for folks who aren't in the Asset Class.