信用擴張的結果/巨波投資法Mr.X

葛林斯班為了拯救網路泡沫化後的美國經濟

採取寬鬆的貨幣政策，將利率將到1%，

造成大量資金在全球各類資產亂竄

全球房地產、股市、債市、石油、黃金、貴金屬、基本金屬等原物料全面大漲



然而天下沒有白吃的午餐

終究要付出代價

所有資產前後見頂

從房地產開始，到股市、債市，最後是原物料



Ludwig Mises:

There is no means of avoiding the final collapse of a boom brought about by credit expansion. 



The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.



我是個積極的悲觀主義者