SLP409 Steven Lubka - What’s the True Meaning of Inflation?
Stephan Livera Podcast
00:00
Is the Fed Raising Rates and Tapers Off Ce?
Lake: Most of the appreciation in stocks is essentially just driven by monetary expansion. He argues that growth and innovation has really kind of flatlined over the last 50 years. And so at this point, he says, stocks have essentially become a money substitute. Lake: People own less dollar denominated wealth via stock market decline.
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