FRED:GDPDEF GDP Deflator = Nominal / Real Therefore, Real = Nominal / GDP Deflator We are hitting huge resistance on the real S&P 500 chart. Place your shorts. Seems almost like it is retesting... *gasp*
Money Supply ( M2 ) x Velocity of Money ( M2V ) = Price Level x real GDP ( GDP ) Therefore Price Level = ( Money Supply ( M2 ) x Velocity of Money ( M2V ))/ real GDP ( GDP ) All I did was graph the Price Level according to the first equation