Chart o’ the Day: The Inflation-Adjusted Dow

The charts below come to us from Kevin Harty (via Global Financial Data) – you’re looking at the inflation-adjusted Dow Jones Industrial Average going back to, well, forever (1885)…

You can see that we have no yet made new highs in real terms:

Chart

And in the below version, Ralph is adding in recessions to give you some context. You’ll not that massive recessions followed the last two peaks at these levels – can we ever break free?

Chart

Source:

Global Financial Data

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