Thread

1. gradus_ad · 1790820754 · focus · HN ↗

   Stocks keep marching higher. And it's not irrational. Because the only way out of this mess (debt with high rates) is inflation.

   1. brink · 1790821030 · focus · HN ↗

      Stocks historically haven't performed well during periods of high inflation.

      1. gradus_ad · 1790822117 · focus · HN ↗

         Past performance doesn't guarantee future results

         Stock market dynamics are fundamentally different now compared to the last period of sustained high inflation (70s)... And stocks have done fantastically over the last few years of stubborn inflation.

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