Good idea as their currency becomes worthless:
I wonder about the UK stock index as inflation destroys our currency
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Although not as extreme, the U.S. has experienced a similar flight from cash (which earned negative real yields during the Fed’s ZIRP) into all kinds of assets, including stocks, bonds, real estate and imaginary “assets” like cryptocurrency, NFTs, etc.
Like Zimbabwe, the U.S. Congress and Federal Reserve created fiscal and monetary stimulus far in excess of real productivity. This always leads to inflation.
Wendy
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