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Intentional or not, it's definitely created a world where labor is flat or declining while energy, food, education, health care, and especially housing are infl
by api 10y ago
Intentional or not, it's definitely created a world where labor is flat or declining while energy, food, education, health care, and especially housing are inflating like crazy.
I think the point about Apple is a non-sequitur here. Low interest rates may also have benefited the tech industry, but that's secondary and doesn't affect as many people as real estate hyperinflation.
- ArkyBeagle 10y agoEnergy isn't close to stably inflating. All the zero-coupon on the Eagle Ford is unwinding and the service companies are in an anorexic phase. Health care, education and housing? Concentrated, deliberate subsidy means it costs more and there's more of it. Less so for health care, but housing and education are default "investments" - for when you're out of ideas. I just picked Apple because they appear to be a present day winner with a model that wasn't widely predicted. I'm down to grumbling about Keynesian animal spirits ( the retiree mentality ) for the rest of the economy.