This article calculates global QE at 12 trillion, since 2008, so he's not far off. The US was not the only country to flood the market with money...As you all know, asset values have been over-inflated because of zero (or negative) real interest rates. And, $14T worth of quantitative easing.This is how stupid Jimtan is, in original post he identifies that quantitative easing was the tune of 14 trillion.It doesn't help if you get shrill and hysterical. I'm cash rich. I welcome a rise in interest rates. Let it come.
Then his next post brags about how he is cash rich. I'm not even sure if he understands the principle of devaluation of base currency. Currency and money is two different things. Assets are the best way to hedge against inflation. Last time I checked you cant print more Vancouver homes.
Assets will move and keep up with inflation according to how much currency is out there. 4 apples will always be 4 apples, 4 dollars vs 400 dollars, there can only be 4 apples.
So Jimtan you idiot, not only did you lose out on RE gains your worthless cash is worth even less now. Good job, atleast you have a Hyundai E550
If Jim has chosen to be cash rich, I assume its because he's hedging his bets on a significant drop in housing and/or financial markets - there is simply no other reason to allow your assets to waste away to inflation. This does not make Jim stupid, and whether his bet pans out remains to be seen - Jim may have the last laugh in the long run. I know a few people that sold all their financial assets and went to cash in 2012, 2013, 2014 and so on, thinking the top was in and the next depression was nearly upon us. Instead they missed out on some great market gains, and are either grudgingly reinvesting or continuing to wait out. But who knows what the future will bring.