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 horiz ...