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Comment by dmoy

25 days ago

I think they meant the stock market more generally? S&P 500 is up what, like 4x in the last 10 years?

If I would drink 4x more beer that would concerning, but the number going up 4x should make things better how exactly?

  • This was said in the context of a person predicting a stock market bust, so of course a stock market index price is the relevant number here.

    • Yeah, fair. I still can't shake off the nagging feeling most of it being a scam somehow and not the business as usual scam. The gut feeling that things proclaimed and observed don't add up.

That's just inflation, which is primarily controlled by the government via the money supply. It doesn't mean anything. What does mean something is the severe deflation in wages and consumer goods - why is all the money printing remaining in the rich person's realm instead of trickling down?