Submitted by Charles Hugh-Smith of OfTwoMinds blog,
The rise in equities does not mean stocks "buy" more commodities in the real world--they buy less.
Thank you, Harun, for an insightful assessment of value and the unsustainable absurdity of a political and financial system dependent on debt, propaganda and falsehoods for its survival. Here are the charts, with comments by Harun and myself as noted.
The rise in equities does not mean stocks "buy" more goods in the real world--they buy less. So much for "new highs"--the nominal new highs in equities is pure illusion in terms of purchasing power.