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> I'd be interested to read such research. See here for example: https://www.bankofcanada.ca/wp-content/uploads/2015/11/wp2015-42.pdf https://www.bankofcanada.
by shawnz 5y ago
> I'd be interested to read such research.
See here for example: https://www.bankofcanada.ca/wp-content/uploads/2015/11/wp2015-42.pdf https://www.bankofcanada.ca/wp-content/uploads/2015/11/wp201...
> It doesn't make sense. I tell my friends, either things correct in a large way or we're going to be eating $50 cheeseburgers.
Why not? My parents paid 50c for a cheeseburger in their youth and now I pay $5. What doesn't make sense about inflation? It is the expected way in which our market works.
- azinman2 5y agoA $5 burger would be super cheap in SF, difficult to find, and unlikely one worth eating.
- chasebank 5y agoThanks for the link, I'll have a read. From the abstract, it clearly references only hedge funds and swap traders in the study. Most speculative markets get in trouble when retail gets involved. > Why not? My parents paid 50c for a cheeseburger in their youth and now I pay $5. What doesn't make sense about inflation? It is the expected way in which our market works. My point is that current asset prices only make sense relative to an $50 cheeseburger at current prices, not that inflation cannot occur and cheeseburgers won't be $50 in the future. Again, I don't have the answer. Wish I did. Wouldn't be reading HN at work but building golf courses :).