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:
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?
Global Financial Data