There’s no stock market bubble when measured in inflation-adjusted dollars. It is melting down right along with housing but no one notices because they think their dollars are still the same ones they had back in 2000…
QFT
It is terrifying how many people still don’t realize this. I think part of it is because we are kind of isolated in the US – we don’t really look at the world stage like people in other countries do. People need to understand what’s happening so that they can protect their money. If you’ve made 20% gain, but the dollar has lost 40% value, you might need to re-think your strategy.
