It is reasonable to assert that current asset inflation is due to concentration of wealth generally and COVID stimulation specifically. Generally as the rich g

It is reasonable to assert that current asset inflation is due to concentration of wealth generally and COVID stimulation specifically. Generally as the rich get richer they run out of consumption opportunities and must put money somewhere. They buy assets and drive up the prices. Here (Aotearoa) COVID stimulation was not given to banks, but consumption opportunities for anybody with money have decreased, hence asset inflation. We can expect a "correction" if history is anything to go by. It could be a crash (like 1929 or 2008) more likely stagnation in prices and inflation in other sectors (as in the 1970s and 1990s here) Prediction is hard. Especially of the future