“The whole economical landscape is bubbles everywhere.” This is why measuring CPI doesn’t work anymore to track inflation and why the quoted rates are nonsense

“The whole economical landscape is bubbles everywhere.” This is why measuring CPI doesn’t work anymore to track inflation and why the quoted rates are nonsense. When people had less income you could measure their spending at the till to see how much it’s increasing. In 2021, people aren’t spending more at the till because they largely don’t need to right now so these asset bubbles are serving as many people’s emergency fund. If/when things start to turn the rush of forced selling could be unprecedented.