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re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today
Posted on 1/20/24 at 10:13 am to slackster
Posted on 1/20/24 at 10:13 am to slackster
Conjoined those graphs give an idea of wage inflation from the start of COVID through 2022. Naturally the data hasn’t all been compiled and made public for 2023, but it gives an idea as to what wages have done in the time period we were discussing for the market growth and overall inflation.
I firmly believe the paper gold market is still being manipulated and thus useless for average people. Physical gold with its premiums and discounts is closer to the real deal, but I still wouldn’t bother.
Like I said, if you want to ride with and beat inflation buy hard, income-producing assets (preferably with some leverage).
quote:
good ol gold is up a whopping 7%. “Inflation hedge” though, right?
I firmly believe the paper gold market is still being manipulated and thus useless for average people. Physical gold with its premiums and discounts is closer to the real deal, but I still wouldn’t bother. Like I said, if you want to ride with and beat inflation buy hard, income-producing assets (preferably with some leverage).
1
Posted on 1/20/24 at 10:26 am to Decisions
quote:
Conjoined those graphs give an idea of wage inflation from the start of COVID through 2022. Naturally the data hasn’t all been compiled and made public for 2023, but it gives an idea as to what wages have done in the time period we were discussing for the market growth and overall inflation.
I posted the numbers in the thread for the last 3 years - real, median wages are down 1.7% since 1/2021. That’s not nominal, it’s already adjusted for inflation.
I get it - it hurts paying $7 for a bag of fricking Doritos (frick you Pepsi), but my paycheck is up considerably over the last 3 years too. As is the case for a lot of people.
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