The Fed has long stated its readiness to enter into further quantitative easing to stimulate the economy, but more recently there has been a growing choir of well thought-of skeptics who have expressed concerns over the long-term damage another round of massive money-printing would do. The market has shown its pleasure with the shift from a deflationary to an inflationary environment, however, with the S&P rising 75% since March 2009 and 13% over the last two months. This big run in the American markets got me thinking, and I came up with an interesting trivia question for our readers. (Don’t cheat! Try to come up with your answer before you continue reading.)
What has been the number one performing stock market over the past decade?
ANSWER:
“The number one performing stock market of the past ten years, in nominal terms, has been Zimbabwe. But if you bought equities there you lost all your money because the ZWD$3 trillion you made now buys you three eggs,” noted Kyle Bass of hedge fund Hayman Capital.
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| Be careful what you wish for |
-Hat tip, madhedgefundtrader
