Past price action is no guarantee for future behavior. Nothing written in stone. But the fundamental development is also quite similar i guess. So could we see history repeating itself or just rhyming..?
AMEX:DIA TVC:GOLD GLD charting the ratio of dow to gold. dow above, gold below. Look how purchasing power eroded. The dow in nominal dollars went sideways for a decade, while gold rose over 20 times. the dow went from "costing 26 ounces at one point to "costing" only ounce at the peak of golds spike.
Modern Monetary Theory (MMT) is not a "magic money tree" like a lot of (privledged) people say it is. The money for it comes from: - Leveraging the US Dollar's credit rating in exchange for short-term loans - Collateral from debt and related interest rates - Increasing the gap between inflationary assets (whom lean in favor of the wealthy) and labor wages,...
The printing clown show continues. On lookout for Hyper Inflation in scarcity plays (profit generators today not 10 years from now sillies). Those overvalued hyped names of the past decade will come down hard (no profits in sight for next decade). #investingainteasy #epiceconomics