Monty Pelerin's World

Economics, Finance and Politics Through The Prism of Classical Liberalism

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Stocks Down About 80% from Peak
Stocks are off about 80% from their peak, at least as measured in ounces of gold. This chart shows the Dow priced in ounces of gold. Currently, it takes just under 10 ounces of gold to “buy” the Dow. Over time, this ratio has ranged from 1...