We aren't in a recession while the stock market is up, even though that has nothing do with the state of the economy
For >10 years prior I had a fairly flat salary at two separate employers. Yearly raise of about 2%.
Now salary is up about 50% from almost 10 years ago and home value almost doubled during the same timeframe.
I know I’m not that lucky in life… I don’t live in a HCOL area. I don’t work in an industry that is on fire. Nobody actually gets huge raises for performance.
Sure, the stock market has seen enormous gains over the past 10-15 years. Even the major indices have maintained gains that would traditionally be unimaginable.
That can’t be real growth - it’s the recipe for inflation.
If half the country owned $1000 of NVIDIA 20 years ago, would we be richer? No, inflation would follow and the other half would be poorer…
Inflation has been focused in assets for... some reason, and assets aren't counted in CPI, giving the government a false signal that it was okay to print more money for a while now.
Have a look at every other stock market, too. They don't usually go up forever like this. They usually stay steady or go up quite slowly.
All inflation numbers are just faked.