Most don't realize it but stocks are actually down -20% inflation-adjusted.
Remember no matter how high the price goes we are always 100% from zero. As such losing 1/5 of the total value is a horrific loss to investors.
"After Nukes, Inflation is the 2nd worst thing that could occur to people." Charlie Munger
TRUE!
So when you hear your favorite economic "expert" on X Schitt all over the FED and Powell, you should know the facts and why the FED has such a hard-on for inflation.
Rightfully so! We are all losing. Even if you don't own stocks.
By the looks of it, things will get way worse before getting better.
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