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some ideas: - a lot of people esp americans are asset rich / cash poor / financed by debt, stimulus - inflation is always measured against a bundle of things, and the mixture changed - really low interest rates means access to capital / low credit scores is the main constraint
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all else equal, low real discount rates should translate to higher asset values. more dramatically as the "duration" of the asset/cash flow stream extends into the future. even more dramatically if the discount rate is negative.
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