Diamond Lifetime
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Dollars are not the same as they used to be. Obama pumped so much phony ledger money into the system that it has to go someplace. The median San Francisco house is over a million dollars, the inflation numbers are totally rigged, a decent new truck is 70K. Everything just has a larger number on it. I don't think there is much of a bubble when the two primary American investment (real estate and stocks) are both going up at the same time. Wages are starting to show signs of increasing, health care has gone through the roof, A Da Vinci painting that sold a few years ago for 100K brought 450 million, where else are you going to put your money? I would be more concerned if one sector was moving far ahead of another but I don't see that to any great degree now. My real estate value increased over 6% last year but my antique (old) car collection went up closer th 15%. People don't have money to spend on that kind of stuff without being affluent. The figure that always warps my mind is that the highest agricultural cash crop in the world is Coffee. A product that has absolutely no nutritional value. It seems to,me we humans are pretty wealthy today.
Inflation will likely get worse from here.
Inflation is one reason to be investing in this BS market, there is little benefit to having savings when you lose 5% a year to inflation
My one point of contention would be "it takes $70k to buy a decent truck"
My 2017 F450 four door four wheel drive diesel was $52k. Sure it doesn't have air conditioned leather seats but I think it's decent, A lot nicer than the last new truck I bought a decade ago.