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.
the situation feels “super-saturated”. excess supply is being dumped directly into nest eggs but once it tries to chase the same demand it’ll reveal the new inflated prices. e.g. trying to return to a pre-covid world (travel/restaurants/etc...) which is now much less efficient.
