Many pundits would acknowledge that in 1982, after the Volcker shock, the capital markets in the US started a bull market that continues to this day. This also coincided with the greatest decline in interest rates, and the largest bond bull market witnessed in the modern era. During this period credit expansion, technological development, and cheaper and cheaper debt allowed for the massive expansion of GDP and other economic metrics. We all know the story. However, the smartest of us also know that credit and debt is very illusionary!
For example, measured in Silver Ounces, the Dow Jones has down trending since the Dot Com Bubble Peak! The peak in 2011 ($50 Silver, 12550 DOW) and the rally in this ratio is likely a bear market rally! Question is ... in the next 10 years how low can this ratio go???
Please give your thoughts and opinions.
For example, measured in Silver Ounces, the Dow Jones has down trending since the Dot Com Bubble Peak! The peak in 2011 ($50 Silver, 12550 DOW) and the rally in this ratio is likely a bear market rally! Question is ... in the next 10 years how low can this ratio go???
Please give your thoughts and opinions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.