A brilliant and clear analysis of the accelerating breakdown in the internal math of global markets. When economic policy becomes dominated by the imperative of defending the apparently uncontrollable privilege of money printing and fractional reserve banking, the natural rules of cause and effect are temporarily abandoned. Understanding this dynamic has now become crucial to long term investment success.
Article 124
Dollars Distort Our Understanding of Wealth
Most investors measure wealth in dollars — but what if the ruler itself is shrinking? Since 2000, the S&P 500 is up nearly 5x in dollar terms, yet priced in
