Central bankers are doing a Martingale

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Euler
Posts: 24700
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I'd probably agree with this...

Our financial markets have become a Vegas/Macau/Monte Carlo casino, wagering that an unlimited supply of credit generated by central banks can successfully reflate global economies and reinvigorate nominal GDP growth to lower but acceptable norms in today’s highly levered world.

http://image.exct.net/lib/ff02127074650 ... r+2016.pdf
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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

I love the opening line......."where human nature and intelligence often come into conflict"

That perfectly sums up all the users on the Bet Angel Forum, Peter!
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ruthlessimon
Posts: 2094
Joined: Wed Mar 23, 2016 3:54 pm

It's not if, but when. Check this graph of the M1 money supply in the US. It looks as though it's the start of an exponential curve.... And if the dollar collapses the world will go with it! All thanks to "academics" Yellen, Draghi, Carney & TPTB. Can someone tell them endless QE doesn't work!!!

I'm just hoping that during a collapse people will still be betting on the markets :twisted:

Link: https://fred.stlouisfed.org/series/M1SL
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