…for the last 4 years , the FED fund rate was essentially at zero and we have massive money printing , monetary inflation so it creates a huge pool of liquidity , the problem is that this liquidity will not flow evenly everywhere in every sector of the economy and in every country , it can flow first into the NASDAQ stocks until March 200 then in the US Housing market then in commodities and gold and then in emerging markets , then you have one bubble after the other ….that is the problem of the money printing by central banks.
In terms of Investment, there is nothing Safe anymore
In terms of investment, there is nothing safe anymore. The US money-printing has distorted all asset prices while cash in the bank has not given you any return when inflation is adjusted. Inflation in Thailand is running at 10 per cent per annum. I don’t look at the government’s statistics. All governments around the world lie.