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yeah but I wouldn't think of health care as an asset really, and education is a stretch
rents have spiked as well and that's not so much an asset either. I think you could tell a story about that being downstream of an asset?
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health care and education: they might not be assets, but they cost them! you are right though they are only assets in a stretched formulation
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s/markets/markers
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The problem here is people don't have a good understanding of what is meant when economists and accountants talk about retail inflation, wholesale inflation, regular inflation, stagflation, contraction, etc etc. People should be concerned about regular inflation of food prices
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Wholesale inflation doesn't affect the average person directly. It's a central bank term. It also excludes food and energy prices. Retail inflation also doesn't include food and energy prices in general. And your accountant has a different working definition of inflation
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