http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola
And this:
http://moneymorning.com/ob-article/schiff-us-will-win-currency-war.php?code=3243
Fear mongering or is it as bad as it looks?
I'd say it's a normal response to a weirdly abnormal situation: Record-high stock market paired with constant threats of austerity. Something's got to give, and the zillionaires are managing their risk.
Gold crashed in the last couple of days as well. Last time gold crashed, the market followed. Correlation does not equal causation and all that, but....China reported disappointing economic data as well, and of course the Chinese and American economies are strongly interrlinked.
And this business of printing money...Accurate or more horseshit. I mean, who actually prints more money? I thought that's what computers are for.
"Printing money" is shorthand for some sort of financial fappery, I think. Although, it could also literally be firing up the printing presses.
I believe what actually happens is the central bank says "we've printed more money", adds them in digitally and then transfers the digital money out to the banks.
I'd have to double check, but I'm fairly sure I'm right on this.
Quote from: Cain on April 16, 2013, 06:43:42 PM
I believe what actually happens is the central bank says "we've printed more money", adds them in digitally and then transfers the digital money out to the banks.
I'd have to double check, but I'm fairly sure I'm right on this.
That's pretty much the long and short of "Quantitive Easing" in the UK. Cash is constantly being printed and removed as well. If I remember correctly the average banknote only makes it through 10 or so transactions before it's FUBAR and burnt. Hence the constant supply of crisp fresh notes from cash machines too.