The CNBC headline effused "Stock futures rise Wednesday night after Dow closes at a record high" of 37090.24.
Ino.com flatly remarked about today's stock market activity.
"The Dow Future has advanced 501 points to 37122. The US Dollar Index moved lower 0.912 points to 102.953. Gold has climbed 48.110 dollars to 2026.565. Silver has advanced 1.0990 dollars to 23.7810. The Dow Industrials trended higher 512.30 points, at 37090.24, while the S&P 500 edged higher by 63.39 points, last seen at 4707.09."
What $100 in December 2020 could buy requires $117.88 at the end of November in 2023, according to the governments own inflation calculator at https://www.bls.gov/
The DOW average should be adjusted by 17.88% to gain an inflation adjusted figure for the inflation the U.S. economy has experienced so far. 31464.40 is the inflation adjusted DOW average in 2020 dollars. This shows that the US economy continues to grow, but at a more sluggish rate.
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Economists do these sorts of calculations all the time. It allows them to be more clear eyed about what is gong on. I'm sorry if I put some Gentle Readers to sleep.
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