E-Mail 'What Did Hank Know? And When Did He Know It?' To A Friend
Email a copy of 'What Did Hank Know? And When Did He Know It?' to a friend
Loading ... Loading ... Loading ... Loading ...
"An economist is a man who states the obvious in terms of the incomprehensible." —Alfred A. Knopf
Macro Notes
Excessive money printing + negligible bond yields = Babe RuthPeter Boockvar
Excessive fiat money printing + negligible bond yields = asset price inflation. Just weeks after the most expensive painting ever, The Scream, sold at auction for $120mm and 6 months after the most expensive comic, Superman #1, sold for $2.16mm, the most richly priced piece of sports memorabilia sold for $4.4mm over the weekend. It was a circa 1920 Babe Ruth original game used jersey. The price exceeded the previous sports high in 2010 of the original rules of basketball written by James Naismith and the $2.8mm paid for the T206 Honus Wagner 5 years back. Whether its gold, comic...
read more »
- Categories
- Archives