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He certainly buys real estate, stocks, commodities, yachts, and automobiles. Investment bubbles are also part of inflation.
by cudgy 4y ago
He certainly buys real estate, stocks, commodities, yachts, and automobiles. Investment bubbles are also part of inflation.
- missedthecue 4y ago99.999998% of the population has no idea and doesn't care how much yacht prices have inflated over the last several years. They care about toilet paper, food, energy, clothing, and other essentials.
- cudgy 4y agoTrue, but yachts require inputs like steel, wood, fiberglass, electronics, physical labor, trucks, fuel, etc. Those are all products that 99.999998% of people are purchasing either directly or indirectly, so the prices of those products are impacted.