Asst. Professor at CU Anschutz. PhD in Electrical Engineering. Work: Biomedical imaging. Hobby: macroecon based investing. All opinions are my own.
Feb 23, 2021 • 7 tweets • 6 min read
@Aamir07690510@CharleeeConway@michaeljburry This plot along with your other recent tweets, imo, explains the diminishing confidence in the dollar. Let's put it like this; do you think people paying social security today will be able to live on it when they retire? The answer is obviously no. Everyone converts their 1/x@Aamir07690510@CharleeeConway@michaeljburry dollars to assets. Storing dollars under the mattress is a losing proposition; you will necessarily lose purchasing power. At first, the dollar was pegged to gold. Should inflation become unsustainable, the Fed will have to raise interest rates (regardless of unemployment). 2/x