Iran's TEPIX Is Up 300% Since 2009; Iranian Rial Depreciated Significantly Against The Dollar
4/11/2013 12:23:00 PM
Since last year, when I reported that Iran's TEPIX broke above 27,000 resistance, it is now trading at 40,000, up 300% from 10,000 in 2009. But realize that its currency, the Iranian rial, has been falling against the dollar because of inflation. It's just another example of how inflation and money printing (devaluing the money supply) inflates market prices.