The randomly selected 2% is the Holy Grail our (clueless) inflation warriors so covet…and slavishly pursue. Belief in this target is now so absolute, no one in the economics profession or financial industry asks the question ‘why do we have this target?’.
More from Vern Gowdie
Crypto…Is the Pyramid Collapsing?
Opinions are divided. Are cryptos the future or a fraud? Do cryptos have a genuine financial value? The answer to that questions is…‘it depends
The End of an Era
The more an era endures, the more inclined we are to perceive what is temporary to be permanent. And, when a special era ends, it brings great sadness. We look back with fond memories of better times.
Vern Gowdie is the editor for
Fat Tail Investment Research
Fat Tail Investment Research is Australia’s largest publisher of independent financial research and a reputable source for investing-related analysis and commentary since 2005.
