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> (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. Tha
by 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).