Club Mulgoa

Thursday, August 23, 2012

QE3

Isn't it pathetic that the DJI has fallen overnight because of doubts about the US government printing money?  It does make sense because after printing, you will have more money to throw around.  It reminds me when I was a kid watching my father signed cheques for payment.  It was fascinating that he could just settle accounts by writing words into a pre-printed piece of paper.  The point:  Those investors were like me when I was a kid...

... at least my father's cheques never bounced and he had the capital to account for his "printing".

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