Can you elaborate on this.
https://www.xe.com/currencycharts/?from=USD&to=EUR&view=10Y
This shows that USD is actually worth more than the Euro over the past 10 years.
What exactly is the USD devalued relative to that caused a stock market boom?
https://www.xe.com/currencycharts/?from=USD&to=EUR&view=10Y
This shows that USD is actually worth more than the Euro over the past 10 years.
What exactly is the USD devalued relative to that caused a stock market boom?
Sure but the original poster made a specific claim, how does this give us a huge bull market?
I mean currency devaluation leads to inflation which is how you cool a market and we are trying to explain why we have a bull market. So this fails a very simple first pass.
I was replying to the post with a claim about EUR and USD "relative values."
https://steemit.com/money/@dedicatedguy/shrinkflation-sellin...
You can also manipulate prices at scale where you raise the price of some goods in the CPI basket while lowering others keeping "inflation" or CPI "low." If the marginal profit on the goods you're lowering was already relatively high and the marginal profit on the goods you are raising was low, you could find a point of arbitrage where you come out ahead on profit without moving the needle on inflation.
In my layman opinion -- the western central banks are in cahoots continually "soft landing" (optimistic) or manipulating (pessimistic) and at an accelerated rate since 2008.
The marketing isn't booming up. The nominal metric is falling rapidly.