orca

3 Steps for America To Regain the World's Trust

Everybody obsessing about Dow 1,5k or not is missing the point. Dow in EUR in about 6,4k right now, and has fallen only about 20% from a multi-year level of about 8-8,5k. This is what Mr. Mason is referring to. Nominal Dow can go to 1 million but the world couldn't care less, since your currency will have gone Zimbabwean by then. As for wild guesses my guesstimate is nominal Dow at 4k, however exchange-weighted at EUR at around 2k.