|My end of the year message. 40% of the USD money supplied in history has been printed in the last 2 years. Debt levels are insane. Jobs never really recovered since Spring 2020 but somehow we have a shortage of workers. We have high inflation. We have material and product shortages everywhere. We have higher trade deficits than pre-Covid, commodity prices are quite high although commodity stocks struggle. We have a fifth Covid wave that independently of our opinion about the subject, no one can doubt the serious impacts it has on the day to day of all things.|
Meanwhile I look at Dow, S&P 500 & Nasdaq index 10-year charts and I don't see a problem.
Maybe this is the problem.