> Effectively Covid stimulus may have forced the government to step in, releasing the inflation QEs been brewing. Not quite. QE created inflation in assets tha

> Effectively Covid stimulus may have forced the government to step in, releasing the inflation QEs been brewing. Not quite. QE created inflation in assets that are not a part of inflation indicators, at least directly, like stock and real estate. QE resulted in phenomena like Tesla's utterly absurd meteoric valuation during the past year. There are some markets where QE and stimulus checks, such as rent prices, which mixes an increase in disposable income on the demand-side and a need to validate inflated investments in real estate on the supply-side.