Dow — Feels Like 1966, Baby!

Economics

Is this a knock on the market, or a knock on the Federal Reserve and the inflationary track we’ve been on since the end of Breton Woods in 1971:

Dow Jones Industrial Average corrected for CPI inflation

I’m going to select “both”.

I’d love to recreate this graph and make the vertical access non-logarithmic. I think that would really show how far inflation has caused the two curves to diverge.

Hat Tip: The Big Picture

Brad Warbiany