GMO says we've already won 
The end game of the market is that prices keep going up till every asset class has negative thirty-year real returns, this is how labor ultimately defeats capital 
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Bingo...been saying this for awhile. Self correcting problem. Endgame of the meltup https://moontowermeta.com/sacrifice-to-the-delta-gods/ … Remember when you thought $5mm meant you could open interest checks on the beach. The US concept of retirement is perverted so ultimately this actually is fine
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This is a brilliant read Kris!
End of conversation
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only logical conclusion for ZIRP
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somewhat tangential but clearly the policy has been decided than inflation will run quite hot and be the great leveller (rather than fiscal redistribution)
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Interesting read in When Money Dies that labor had all the pricing power / wage benefits, while professional salary class suffered.
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