Presenting The Ultimate Indicator Of Easy Money Access
Forget M2, the monetary base, irrelevant Keynesian aggregates, reserve balances, and all that other mumbo jumbo. According to Sean Corrigan of Diapason, the ultimate indicator of easy money and speculative access is none other than Sotheby's share price.
Corrigan also adds the following disclaimer: "... reflecting the results of the latest World Central Banking Challenge Cup match:-Plutocrats 4 - Wage Slaves 0." We won't comment on this all too obvious observation.