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In an inflationary economy like the one we have, "the market is at all time high" is not really a useful statement since it's the normal state of affairs.
by franciscop 1y ago
In an inflationary economy like the one we have, "the market is at all time high" is not really a useful statement since it's the normal state of affairs.
- HPsquared 1y agoSimilarly, the currency value is perpetually at an all-time low.
- AnimalMuppet 1y agoAll right, but gold doubling in two years is something more than a reflection of the amount of inflation we've had in the last two years.
- svantana 1y agoSure, but gold and many other assets are at a 50-year high even when adjusting for inflation: https://www.gurufocus.com/economic_indicators/4534/inflation-adjusted-gold-price-adjusted-to-todays-dollar https://www.gurufocus.com/economic_indicators/4534/inflation...
- franciscop 1y agoI agree, that would've been a much more interesting statement.
- mothballed 1y agoI'm going to rightly be accused of ad hominem for pointing this out, but entertain for a moment that the people calculating inflation are generally directly or indirectly funded by the same federal government that causes inflation.