2 possibilities imo. 1-asset prices reflect inflation due to M2 increase, cpi will catch up. 2-asset prices are up due to low bond yields, bond investors moved

2 possibilities imo. 1-asset prices reflect inflation due to M2 increase, cpi will catch up. 2-asset prices are up due to low bond yields, bond investors moved into retail assets such as housing (like Blackrock) and this is driving up costs and thus rent. If the fed raises interest rates, the corporate debt levels are unsustainable and a recession will ensue, but housing will return to normal prices as institutional bond purchases resume. If not, more of the same. This is all 2008 and quantitative easing playing out... The fed wants to prevent market busts and as a result will create more drastic busts playing with fire.