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> And while we haven't quite reached that pinnacle of absurdity, it did hit 37,000 not so long ago. Why do you think this is absurd? You know inflation means w
by kortilla 4y ago
> And while we haven't quite reached that pinnacle of absurdity, it did hit 37,000 not so long ago.
Why do you think this is absurd? You know inflation means we’ll get there even without ridiculous multiples, right?
- NoMoreNicksLeft 4y agoWhat sort of inflation would take it from 2700 to 37,000 since 1987? How close to the CPI is that, exactly? It seems a little off.
- tpxl 4y ago> What sort of inflation would take it from 2700 to 37,000 since 1987? 7.5%. Doesn't seem that unbelievable.
- NoMoreNicksLeft 4y agoWell, it doesn't seem bizarrely implausible. It has spiked even higher than that in my lifetime (not even counting recently). The trouble is that I've been told that it was far lower. By official government sources. It would be interesting to include the DJIA into CPI though. I bet some people would lose their shit over that.