The Lucky Ones

High levels of inflation erode real values. Nominal asset prices could remain more or less intact, as they did in the 1970s, with huge after-inflation losses.

Price-to-sales ratio on the S&P 500 hits an all-time high. Source: wwwmultpl.com

Thursday, October 2^nd, 2025

Bill Bonner, from Dublin, Ireland

Bloomberg leads off:

Gold Climbs to Record as US Government …