alt Hacker News> My current hypothesis is that the growth in the _price_ of the US Stock market (eg S&P 500) is actually devaluation of the dollar.
You mean devaluation is causing the growth of SP500, or the other way around?
> My current hypothesis is that the growth in the _price_ of the US Stock market (eg S&P 500) is actually devaluation of the dollar.
You mean devaluation is causing the growth of SP500, or the other way around?
the S&P is only growing when the denominator is USD. Not Euro or Gold.
It's kinda like saying during "My bread appreciated!" during hyper inflation.
IMO we're in one of the cases where "Number go up" is actually bad.