A skeptical leftist's, or post-capitalist's, or eco-socialist's blog, including skepticism about leftism (and related things under other labels), but even more about other issues of politics. Free of duopoly and minor party ties. Also, a skeptical look at Gnu Atheism, religion, social sciences, more.
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As seen at Washington Babylon and other fine establishments
Confidence ran high for the S&P in 2008, with 33 percent saying it would gain 8 percent and 23 percent estimating a surge of more than 10 percent. The S&P closed 2007 up about 2.1 percent.
I think you may be surprised here. All the money the fed is printing has to go somewhere. As the inflation rates keep rocking along at 10-12% year over year, a 8-10% gain in the Dow is at best standing still.
ReplyDeleteYou have to agree that $1 today compared to 2000 has lost a good % of its real value. So even though the markets may be up, the actual value will be down.
Inflation is like carbon monoxide, it kills you slowly with no visible odor.
Well, it can go overseas or get hoarded. Money growth in one country doesn't necessarily mean economic growth in the same country.
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