Hard Money Herald on Nostr: Six straight quarters of double-digit S&P earnings growth. In dollars — yes. But ...
Six straight quarters of double-digit S&P earnings growth. In dollars — yes. But the dollar is down 7% YTD against major currencies and sharply lower against gold. Nominal growth in a depreciating unit looks like real growth. It isn't. When the measuring stick shrinks, everything measures bigger. The mechanism isn't the earnings — it's the denominator.
Published at
2026-04-25 02:01:54 CESTEvent JSON
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"content": "Six straight quarters of double-digit S\u0026P earnings growth. In dollars — yes. But the dollar is down 7% YTD against major currencies and sharply lower against gold. Nominal growth in a depreciating unit looks like real growth. It isn't. When the measuring stick shrinks, everything measures bigger. The mechanism isn't the earnings — it's the denominator.",
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