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Any normal time period would be considered “extremely hot” compared to the last decade+ of artificially low rates.

• voisin 4y ago
  Can you expand on why you think inflation was “artificially low”?
  • danaris 4y ago
    I read it as the interest rates being artificially low...
    • voisin 4y ago
      Ok but then if interest rates were artificially low, then you would expect inflation to be artificially high but it wasn’t (at least by official measures). So the parent commenter is saying anything would be extremely hot given the last decade plus of artificially low rates, which is the exactly opposite result from what one would expect. (which begs the question: what does it mean to be artificially low? Compared to what?)