Armstrong Economics, Released on 3/20/20
The central banks have been fighting a losing battle against the normal forces of how capital moves during a crisis. During a crisis as this, interest rates rise with the perception of a rise in credit risk.
Armstrong Economics, Released on 3/20/20
The central banks have been fighting a losing battle against the normal forces of how capital moves during a crisis. During a crisis as this, interest rates rise with the perception of a rise in credit risk.
so martin says just hold US fiat and you will prosper the most from the crisis? Sounds a bit simple to me.