What the DJIA is actually measuring: Inflation plus concentration of market power into the tiny handful of firms which make up the index. The overly complex theorising about it, bringing in thermodynamics and so on, sometimes appears designed to distract us from the relentless unrestrained growth of the corporate oligarchy which is increasingly difficult to conceal.

This guy writes in a lot of jargon, but basically what he is saying is that as the economy braces for impact, its pretty obvious that if any of the companies trading stocks are going to survive in a hyperinflationary spiral, their future stock price will be able to go a lot higher. So people are basically trading up the prices to anticipate this as the economy collapses and “prices” for stocks are hitting all time highs.

Paradoxically, this does not measure GROWTH of the economy.

The thing being measured is company share price DENOMINATED in dollars which are falling in value / hyperinflating because of DEGROWTH in the real resource flows.