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The dollar printer went crazy in 2020: https://fred.stlouisfed.org/series/M2 https://fred.stlouisfed.org/series/M2. This definitely had an effect on stock and p
by apta_ 6y ago
The dollar printer went crazy in 2020: https://fred.stlouisfed.org/series/M2 https://fred.stlouisfed.org/series/M2. This definitely had an effect on stock and property prices, and seemingly some cryptocurrencies as well.
- azernik 6y agoIs your argument in favor of bitcoin as an asset class is that its value doesn't skyrocket when stock and property values skyrocket? (My assumption when you said "inflation" was a drop in purchasing power of a given asset, not a rise.)
- apta_ 6y ago> (My assumption when you said "inflation" was a drop in purchasing power of a given asset, not a rise.) I was referring to the inflation of the US dollar. That's why property, stock, bitcoin, etc. went up.
- azernik 6y agoThat would be a nice theory, but inflation in terms of producer and consumer goods is lower than in previous years (PPI inflation of 0.8% for the 12 months ending on 31 November, CPI inflation of 1.2% for the same period, compared to an average of more like 2% over the previous few years).