I'm struggling to make sense of how all asset prices are going upupup, but inflation in CPI terms remains hovering around zero/negative, and bond yield curves suggest low inflation expectations. What am I missing.
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Replying to @vgr
some ideas: - a lot of people esp americans are asset rich / cash poor / financed by debt, stimulus - inflation is always measured against a bundle of things, and the mixture changed - really low interest rates means access to capital / low credit scores is the main constraint
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Replying to @DanielleFong @vgr
if the bundles were renormalized around housing prices / food prices / online services you might see real inflation. supply is clearly limited as well
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