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> that simply doesn't make any sense. It does you just don't understand yet. Let me try and explain. Inflation measured by the government in CPI is a bad metr
by nbardy 6y ago
> that simply doesn't make any sense.
It does you just don't understand yet. Let me try and explain.
Inflation measured by the government in CPI is a bad metric. It doesn't include ownership in assets which is the ability to retire.
We already had inflation if you measure the cost of retirement in USD. With the spending package we drove a bull run.
The SP500 going up in price is equivalent to the value of USD going down for anyone who doesn't own part of the market. They have to buy in at higher and higher cost.
Younger generations have been priced out of an ability to own and in turn retire. While those who owned assets experienced a nice boost this year.
When the cost of retirement goes up the value of USD goes down just like anything else.