‘Nominal’ Stock Market Gains
Now that the Dow Jones has passed 14,000 again and everybody is cheering, famous fund manager Kyle Bass reminded CNBC viewers that index inflation was great in Zimbabwe as well, but it were of course no real gains. I will not give up making this point until everyone knows it, and they will. At least everyone in Zimbabwe does.
Check out the video in the link:
Stock prices may be rising, but so is the threat of inflation, hedge fund manager Kyle Bass told CNBC Friday. As the Dow Jones Industrial Average has reached 14,000 for the first time since 2007, Bass said the inflationary…