This has also happened in Australia. What is driving up the prices?
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Low interest rates and large demo of age.
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Big J POW calls this “transient effects”
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That’s because in February the government printed 2.9T in cash.
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Which is scaring the daylights out of those who do not want to sell now but later; and out of those who want to buy a couple of months from now. Have we not learnt from asset inflation of the past?
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