"from now on"??????
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yeah I thought that too
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That ship sailed a while back
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Isn't that by definition not inflation?
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Hmmmmmmmm guuhrrrhhhhh idk all of these words are fake
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i legitimately thought this was the baseline understanding from spending 2008 - 2017 in the bay area i was surprised that economists thought otherwise! housing, education, health care, arguably three typical markets of middle class, have all inflated away,
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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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how does that pan out if the implication is "maybe we should be raising rates a lot" wouldn't they want to prevent that if they don't want to compete with better bond returns? (??)
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