Nice subject selection. I have said for sometime now to the Helicopter / inflate away my debt crowd that the inflation has already happened. It just didn’t manifest in the CPI but rather in inflated asset prices: first stocks and then residential real estate.
The sad thing is that when you see some smug realtor or mortgage broker driving around in their MB or BMW, that’s where the value of your savings went!!! They arbitraged the inflation in housing via M3 liquidity growth J6packs plans of saving for a house got farther and farther away as the prices got ever more inflated.
