muses of the moment

March 22, 2013

An Education in Inflation

Once again, Charles Hugh Smith over at oftwominds.com has expertly layout out what inflation and purchasing power are and how they can destroy your life and your savings and your investments.

Click here.

DO NOT INVEST IN ANYTHING, groovygirl means, stop what you are doing, until you understand these concepts thoroughly. You will choose the wrong investment and lose your money if you do not understand these basic economic concepts.

Even Big Ben admits that there is no new high in stocks adjusted for inflation.

“In the stock market, we don’t see anything that’s out of line with historical patterns,” he said, noting that while stock indexes are at record highs, they remain short of their all-time record valuations after prices are adjusted for inflation.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: