Peter Schiff: Housing prices will go back to 2000 or lower…

[(former)FormerSanDiegan]

In your example I would say they were wrong, as your supposed rally in 2003 was more an artifact of inflation than anything.

So, you are saying that an 87% increase in the S&P 500 over a 4-year period is a “supposed rally”.

Priced in gold or oil equities have been in a bear market since at least 2000.

This is an artifact of your arbitrary (or deliberately deceptive) selection of 2000, which is the peak of a stock market cycle and a near-bottom of the gold price cycle.

If you look at stocks measured versus gold from 1980 to today, you would observe that the DJIA has risen by 8-fold as measured in gold. What’s that ? A 900% increase in stocks ?

1980 was the last peak in gold prices. 2008 is the current peak (for now). Looking over partial cycles results in distortions due to the phasing of those cycles and is driven almost entirely by gold speculation.

[kewp]

So, you are saying that an 87% increase in the S&P 500 over a 4-year period is a “supposed rally”.

Compared to a 300%+ increase in the price of oil?

Are you serious?

I picked 2000 because that’s around when the Fed decided to throw the dollar down the toilet. Which is ultimately what this all boils down too.

[kewp]

So, you are saying that an 87% increase in the S&P 500 over a 4-year period is a “supposed rally”.

Compared to a 300%+ increase in the price of oil?

Are you serious?

I picked 2000 because that’s around when the Fed decided to throw the dollar down the toilet. Which is ultimately what this all boils down too.

[kewp]

So, you are saying that an 87% increase in the S&P 500 over a 4-year period is a “supposed rally”.

Compared to a 300%+ increase in the price of oil?

Are you serious?

I picked 2000 because that’s around when the Fed decided to throw the dollar down the toilet. Which is ultimately what this all boils down too.

[kewp]

So, you are saying that an 87% increase in the S&P 500 over a 4-year period is a “supposed rally”.

Compared to a 300%+ increase in the price of oil?

Are you serious?

I picked 2000 because that’s around when the Fed decided to throw the dollar down the toilet. Which is ultimately what this all boils down too.

[kewp]

So, you are saying that an 87% increase in the S&P 500 over a 4-year period is a “supposed rally”.

Compared to a 300%+ increase in the price of oil?

Are you serious?

I picked 2000 because that’s around when the Fed decided to throw the dollar down the toilet. Which is ultimately what this all boils down too.

[(former)FormerSanDiegan]

Yes, I am completely serious.

Oil was grossly underpriced in the late 1990’s and 2000. In fact the all-time low in inflation adjusted oil prices was 1998. Stocks were grossly overpriced in 1999-2000.

Measuring the relative value of two things from a point in time where one is near a generational low in value and the other is at a decadal peak in valuation creates a distorted view.

[(former)FormerSanDiegan]

Yes, I am completely serious.

Oil was grossly underpriced in the late 1990’s and 2000. In fact the all-time low in inflation adjusted oil prices was 1998. Stocks were grossly overpriced in 1999-2000.

Measuring the relative value of two things from a point in time where one is near a generational low in value and the other is at a decadal peak in valuation creates a distorted view.

[(former)FormerSanDiegan]

Yes, I am completely serious.

Oil was grossly underpriced in the late 1990’s and 2000. In fact the all-time low in inflation adjusted oil prices was 1998. Stocks were grossly overpriced in 1999-2000.

Measuring the relative value of two things from a point in time where one is near a generational low in value and the other is at a decadal peak in valuation creates a distorted view.

[(former)FormerSanDiegan]

Yes, I am completely serious.

Oil was grossly underpriced in the late 1990’s and 2000. In fact the all-time low in inflation adjusted oil prices was 1998. Stocks were grossly overpriced in 1999-2000.

Measuring the relative value of two things from a point in time where one is near a generational low in value and the other is at a decadal peak in valuation creates a distorted view.

[(former)FormerSanDiegan]

Yes, I am completely serious.

Oil was grossly underpriced in the late 1990’s and 2000. In fact the all-time low in inflation adjusted oil prices was 1998. Stocks were grossly overpriced in 1999-2000.

Measuring the relative value of two things from a point in time where one is near a generational low in value and the other is at a decadal peak in valuation creates a distorted view.

[kewp]

Until I can eat stocks and fill up my gas tank with them, I’m going to continue to measure their relative performance in the terms of the stuff I actually spend my money on.

Oil and gold/silver are relatively the same price they’ve always been; its the dollar (and equities) that have been been losing their relative purchasing power.

[kewp]

Until I can eat stocks and fill up my gas tank with them, I’m going to continue to measure their relative performance in the terms of the stuff I actually spend my money on.

Oil and gold/silver are relatively the same price they’ve always been; its the dollar (and equities) that have been been losing their relative purchasing power.

[kewp]

Until I can eat stocks and fill up my gas tank with them, I’m going to continue to measure their relative performance in the terms of the stuff I actually spend my money on.

Oil and gold/silver are relatively the same price they’ve always been; its the dollar (and equities) that have been been losing their relative purchasing power.

[kewp]

Until I can eat stocks and fill up my gas tank with them, I’m going to continue to measure their relative performance in the terms of the stuff I actually spend my money on.

Oil and gold/silver are relatively the same price they’ve always been; its the dollar (and equities) that have been been losing their relative purchasing power.

[Author]

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