Global economic policy makers are now fully engaged with short term desperate measures. It is crucial that investors understand how far policy has moved into the twilight zone. Markets no longer have much if any relation to underlying fundamentals. This video does a great job of describing what is now driving security prices:
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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
