3 ms·
No, 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
by teraflop 5y ago
No, 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.