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I suspect most of you have heard about the incident in Glasgow, Scotland, in which parents and children alike were beckoned to buy tickets to have a “chocolate experience” created by none other than Willy Wonka which would be “a chocolate fantasy like never before“. Fanciful images were offered to suggest the kind of sensational, vibrant paradise that could be experienced at this one-of-a-kind event.
It’s as simple as can be: if a government churns out trillions in order to prop up asset prices, then (1) people with cash will be holding something worth less and less every day (2) people with stocks and real estate will be holding something worth more and more every day. Brutal……….but real.
