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#927 Darius Dale On The Odds Of A Recession This Year

The Pomp Podcast

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The Stock Market Is Really Appreciated and Locked Up With a Store Value

Gold is up ten % over the last year. The s and p 500 is only up eight. Both are under performing invlation. Over the last three years, both gold and the s an p 500 up exactly 53%. Yet, everyone 'll tell you it's innovation and earnings growth. But if it was all that stuff, you'd see it spread teen the performance of the stock market relative to a store value. And so clearly, the stock market is really appreciated and locks up with a store value because investors are using it as a vehicle to speculate on balance sheet expansion out of the federal reserve.

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