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YoY will reflect the massive crash we had last year. Compare it with 2019 levels.
by systemvoltage 5y ago
YoY will reflect the massive crash we had last year. Compare it with 2019 levels.
- teraflop 5y agoNo, as of 1 year ago the stock market had already recovered and exceeded its pre-pandemic levels. But sure, let's look at a few other intervals: Compared to 2 years ago, the S&P 500 is up 51%, and the CPI is up 6.8%. Compared to 3 years ago, the S&P 500 is up 63%, and the CPI is up 8.7%. etc. Even if you think the CPI is somewhat underestimating inflation, it's clear that stock prices have been rising much faster than the value of the dollar is falling.