True, but the past 6-7 years make me seriously question whether it’s real growth or inflation.
For >10 years prior I had a fairly flat salary at two separate employers. Yearly raise of about 2%.
Now salary is up about 50% from almost 10 years ago and home value almost doubled during the same timeframe.
I know I’m not that lucky in life… I don’t live in a HCOL area. I don’t work in an industry that is on fire. Nobody actually gets huge raises for performance.
Sure, the stock market has seen enormous gains over the past 10-15 years. Even the major indices have maintained gains that would traditionally be unimaginable.
That can’t be real growth - it’s the recipe for inflation.
If half the country owned $1000 of NVIDIA 20 years ago, would we be richer? No, inflation would follow and the other half would be poorer…
Oh it's all inflation. Don't pay attention to the inflation numbers from the government - pay attention to how much essentials are up, and assets with similar fundamentals.
Inflation has been focused in assets for... some reason, and assets aren't counted in CPI, giving the government a false signal that it was okay to print more money for a while now.
Have a look at every other stock market, too. They don't usually go up forever like this. They usually stay steady or go up quite slowly.
I HATE, HATE, HATE "inflation" numbers. The central banks of all countries openly state that inflation calculations don't include important, massive costs. Like housing.
For >10 years prior I had a fairly flat salary at two separate employers. Yearly raise of about 2%.
Now salary is up about 50% from almost 10 years ago and home value almost doubled during the same timeframe.
I know I’m not that lucky in life… I don’t live in a HCOL area. I don’t work in an industry that is on fire. Nobody actually gets huge raises for performance.
Sure, the stock market has seen enormous gains over the past 10-15 years. Even the major indices have maintained gains that would traditionally be unimaginable.
That can’t be real growth - it’s the recipe for inflation.
If half the country owned $1000 of NVIDIA 20 years ago, would we be richer? No, inflation would follow and the other half would be poorer…