I keep thinking of real estate/stock/crypto appreciation as artificially contained inflation that will explode into the consumption economy at some point. It hasn’t happened so far because the wealthy haven’t found anything else worth bidding up prices on.
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In a weird way this is proof that trickle-down theory is false. If it were true, inflation contagion would be spreading with the trickle down. Cantillon effect but for trickle-down inflation 🤔
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Longevity/life extension tech could be a major outlet for asset 'explosion into the consumption economy', once viable.
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Add it to de-globalization of production and supply chains and we’ll see things get expensive fast
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Wages. If wages don’t rise then general inflation seems impossible.
Many industries are under pressure to lower prices. Healthcare. Colleges. Commercial real estate. Tech. Apparel.
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