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The Importance of Inflation
Inflation should not be measured by looking at the prices of goods and services as measured by CPI or PCE. It's really about the that value of your euros and dollars going down but our brain thinks that a dollar is a dollar and will continue to be a dollar. The reality is that dollar has been massively diluted that dollar doesn't buy you much. I think it brings us to to obviously the real asset versus financial assets and how assets that you can or cannot print will be bigger losers or winners.