Money Morning really does some solid research and analysis, which is why they were ahead of the curve in 2008. I even used some of their stuff in my book. In this post they take a look at where the "real" Dow Jones average is today. Guess what? Adjusted for inflation the "real Dow" is not close to the 14,000 level everyone got so excited about a few weeks back ...
Yeah, adjusted for inflation the real Dow is actually hovering around 585. By the look of things - and thanks to the Federal Reserve - the Dow is still over inflated.
What this means - as Money Morning points out - is that since the creation of the Federal Reserve in 1913 every dollar in the U.S. is now worth 4 cents.
Let the good times roll.
What this means - as Money Morning points out - is that since the creation of the Federal Reserve in 1913 every dollar in the U.S. is now worth 4 cents.
Let the good times roll.
- Mark
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