4 ms·
I do not believe our economy’s output exceeds that of 2019, pre-Covid. We still have supply chain issues up the wazoo. We still have disease taking out employee
by moistly 4y ago
I do not believe our economy’s output exceeds that of 2019, pre-Covid. We still have supply chain issues up the wazoo. We still have disease taking out employees en masse, and for weeks at a time. Potential customers are generally in worsening financial condition. I simply can not believe that conditions are such, that the stock market should have a higher valuation than it did in 2019.
- Retric 4y agoA dollar today is worth ~15% less than a dollar from 2019 so a stock that’s nominally worth the same today would actually have taken a significant hit. Which really should be part of these comparisons.
- bradleyjg 4y agoWhich was at the tail end of an 11 year bull run.
- animitronix 4y agoYet the dollar is absolutely crushing other currencies. Funny how that works...
- rank0 4y agoThe other currencies are weakening faster than the dollar. You care about what you can actually buy with a currency not just it’s exchange rate.
- nradov 4y agoWhich diseases?
- kortilla 4y agoYou forgot to adjust for inflation. Take the additional 10-15% haircut off of stock prices and we’re basically right at pre-COVID peaks in the general indexes.