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stock (sp500): one year ago: 2500. Today: 4000. retail gas in US: one year ago: 2.41. Today: 2.86. So yes, compared to some major asset classes that are omitt
by twelve40 6y ago
stock (sp500): one year ago: 2500. Today: 4000.
retail gas in US: one year ago: 2.41. Today: 2.86.
So yes, compared to some major asset classes that are omitted from consumer inflation calculations, gas is "cheap".
- listenallyall 6y agoa 20% annual price increase = "cheap" to you? did your salary increase 20% since March 2020? didn't think so.
- twelve40 6y agoSeems like you completely ignored this part: "compared to some major asset classes that are omitted from consumer inflation calculations" sp500 going from 2500 to 4000 in the same year is 60%. Yes, a 20% price hike compared to a 60% price hike makes for a cheaper outcome in the end, when gas is "compared to some major asset classes", in my example the US stocks. Why is this so difficult?
- listenallyall 6y agoI ignored it because it is irrelevant. People's purchasing power isn't based on the stock market index, it is based on their income. Even a retiree who is net withdrawing... a 60% upwards move in the stock market doesn't mean that retiree has 60% more purchasing power this year. Use some of your purchasing power on an economics book.