muses of the moment

March 22, 2013

An Education in Inflation

Once again, Charles Hugh Smith over at 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.

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