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IMO, this is exactly what is happening. Near as I can tell, S&P500 is actually almost neutral if we count inflation.

Also, we’re very likely to get a replay of the late 70’s (leading to the early 80’s) soon if Trump gets what he wants with the Fed.

He wants to inflate out of this mess, and I suspect he’ll get what he wants.



The S&P has almost doubled in 5 years compared to the quoted 30% increase in prices, stock returns are far outstripping inflation.


I have not met anymore whose grocery bill has only gone up 30% during that time. In fact, pretty much nothing I interact with has gone up only 30% in that time eh?




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