Progressive Politics

It REALLY annoys me when they talk about the DOW or whatever other stock market indicator is at "record highs". Like, that has actually been the default state for as long as the DOW has existed. Look at a graph of its price back to the 80s, and see it has exponentially grown basically the entire time.

Over the last 20 years, on average, it has gone up 10 percent each year. You can see where anomalies take it higher or lower than the trend, like the accelerated growth and then drop of the dot com bubble, the sub prime loan bubble, and the covid dip and post covid tech bubble. They stand out as deviations on the graph that makes it not exactly follow the trend. But it has thus far always returned to normal where it TENDS to be going up about 10 percent a year.

It's not interesting that it is going up or that it reaches a new record price. It does that all the time. And it's really not brag worthy that the rate of growth may be higher now, either, because we are all too aware that that is largely due to the AI bubble that will pop hard. The fact that he is claiming credit for it is hilarious though. When that bubble pops, it won't be his fault though, obviously.