Comment by game_the0ry
20 days ago
And yet the dow jones just passed 50K, an ATH.
That makes no sense...unless the economy is an a sort of death spiral where companies layoff employees, then stock goes, then companies layoff more, then stock goes up, so on and so forth.
Ouroboros. The economy is eating its own tail.
If you think of the DJIA as being denominated in dollars the ATH looks less impressive.
> And yet the dow jones just passed 50K, an ATH.
The price of stock is based in dollars. The value of the dollar goes down due to inflation, so the stock goes up, while not actually changing in value.
True. It is actually doing poorly when priced in gold.
Well, the gold market just collapsed, so this might not be the ideal point of comparison.