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> asset classes such as stocks and real estate. Which is not inflation, but asset appreciation (i.e. the goal of investment). Inflation measures the price lev
by bildung 5y ago
> asset classes such as stocks and real estate.
Which is not inflation, but asset appreciation (i.e. the goal of investment). Inflation measures the price level of consumables. Stock and real estate is not consumed.
- tom_mellior 5y agoOne person's "asset appreciation" on real estate is another person's inflation of housing costs.
- bildung 5y agoHousing is part of the CPI https://www.bls.gov/cpi/factsheets/ https://www.bls.gov/cpi/factsheets/
- tom_mellior 5y agoYes. That was my point: House owners' assets "appreciate" by inflating non-owners' prices.