One of the best examples of misrepresentation and misunderstanding comes from using the wrong references when valuing assets. This is the Dutch stock market vs. the M2 Supply. It's still down 70% from its all-time high. The same can be seen in Gold and other assets as well. The difference is: the chart vs. USD is printing new ATHs. However, analyzing based on that can not be very clear. That's why I try to focus on these reference parameters, and they clearly show there's no recession or bear market on the horizon.

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