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by SV_BubbleTime 928 days ago
Hang on, am I missing something?

We have rampant inflation - why would you not expect the NUMBER attached to the stock market to go up?

3 comments

> We have rampant inflation

Do we? I could have sold wheat for $15 per bushel two years ago. Now I'm lucky if I can get $7. It looks more and more like a disinflationary/deflationary environment to me.

CPI continues to show inflation, but the CPI basket measures that which at the end of the supply chain (it is a consumer index, after all), which means that it always lags significantly behind what's going on in the rest of the world.

We didn't experience 50% inflation; investing in those parts of the stock market meant that the investment went up by more than inflation.
Which country are you living in? The US does not have rampant inflation.