/biz/ - Business & Finance

> bought soxl at peak
> went in the red
> bought more at dip
> now in the green
soxl is love soxl is life

>>8214921
That is a terrible chart. First of all talk about cherry picking ATHs.
Second of all its literally complaining that is up. Like you said it was down cause you can't read fucking graphs than cited an article literally saying it was up. From the previous ATH. Then the article ignores actual summations or average costs of living CPI etc etc. And just picks the few things that have gone up in price. Of course these are skewed by big cities and the influx in demand for them rather than just "dude jobs in china!" Realistically nobody education spending gives a fuck about that. And they will probably end up ahead of median income anyway.
Now of course this is always based on some dumb assertion that technology or growth don't exist so we are stuck in some zero sum Sollow Trap, saying "we can create growth by tweaking the savings rate but wait but wait depreciation is catching up!" Reality is quality of life is actually way a fucking head of the cherry picked previous ATH income. For starters I have a phone more powerful than existed in the world back then. I can post on 4chan while answering a call at home. We have made strides in medicine and shit available to everyone. But lets just discount all that!

>>7967658
>Ah so you were referring to decreasing it.
Decreasing what? Interest rates? I just meant in general inflation creates a larger lowerbound. I dont think you know what we are talking about.
>Yes I know, I can give it to you: it's a dumb fucking system.
The intuition makes sense, people now hate holding cash to the point nominal interest needs to be greater than or equal to zero.
>wow
I am going to give you the benefit of the doubt and post this saying you are only terribly wrong because you dont know what wealth is.
But pic related says you are wrong and doesnt even factor in real wealth gains. I mean even dumb comperative measures like LICO aay you are wrong. But Im going to give you a little secret. If your iPhone is only somewhat more expensive than grandpas Carphone you are way wealthier. The poorest Americans have better computers in their pockets than the richest company could get back then. Your car is of a higher quality. The list goes on.