Don’t necessarily agree with some of the detail in this comment, but agree with the broad sentiment. For example, I would say I am less cynical about the motives and it’s simply a matter that they absolutely missed the point to start with because of Jamie Dimon’s stance on it. In other words, a bit like how Microsoft initially missed the importance of the internet in 1990’s and had to do a hard change of direction (I was there at the time, it was pretty epic!)

That said, there is no question that these moves are happening and it forms the basis of these huge forecasts, both new money coming in and the natural effect of the devaluation of the dollar.

What a great time to be alive! Thanks for taking the time to read and comment!


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