Slightly related, I've been wanting to invest in SK Hynix since early '23. Does anyone know how a US investor can get access to the stock? I haven't found any brokers that allow you to trade Korea Exchange tickers.
There never was rampant inflation (in the sense of the term of expanding money supply). It was all driven by the increased prices supply shock driven "inflation". The solution to high prices ("inflation") is high prices, not increased interest rates.
The US left the gold standard well before 1971. Central banks do not create currency, they create bank reserves. There is no indication that it drives money creation. Let me know where I can spend bank reserves to buy goods and services. Money is created from banks, and mostly done so off-shore away from the purview of the central bank.
https://en.wikipedia.org/wiki/Eurodollar
What do you mean? I thought the US dollar was fixed to gold between WWII and 1971:
> On 15 August 1971, the United States ended the convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency
Open a brokerage account and fund it. Apply for margin. Type the ticker in. Click sell to open. You have unlimited risk of loss, and if you don't maintain the margin, your position will be closed and you will owe a sum of money larger than you deposited. Be careful.
Alternatively, open a brokerage account and go through their process to enable options trading (essentially mostly a short quiz on how options work to make sure you're not an obvious liability).
Then either buy put options that are currently barely in the money (and will go further into the money once the stock comes tumbling down), or sell call options that are out of the money (or very slightly in if you can tolerate that risk) and will go further out once the price of the underlying goes down.
As with shorting stock, the risk for selling calls is technically unlimited (even though IMHO it's extremely unlikely that GME will go to the moon again the same way it did last time). With buying puts, your risk is the money you spent for the option. If the stock price is higher than the option at expiry, you'll have lost all of it. If it's lower, you can pocket the difference between strike price and stock price, minus the cost of the option.
>even though IMHO it's extremely unlikely that GME will go to the moon again the same way it did last time
FWIW, it hit about $320 during pre-market trading this morning, in terms of the price it would have been before the stock split in 2022. Currently sitting at $200, in those terms.
None, it can actually be any constant > 1/2, because you can always run the algorithm a non-exponential number of more times to be more convinced (approaching prob 1) of the answer. 2/3 is just convention.
There's no point in defining a "target" when the Fed has no control over the vast portion of dollar creation/destruction: https://en.wikipedia.org/wiki/Eurodollar
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