The Inflation Expectation Effect

As inflation goes up, cap rates from schillers is we should go down. We're seen some expected inflation bers coming down over the ten year period. This suggests that maybe we've piqued out on the inflation expectation effect. And so i think actually, in addition to all these arguments about, while we going to have high inflation, higre interest rates, et cetera, etc., this is going to lead to more uncertainty. I worry, personally, that we can end up with a period of high and unpredictable inflation. It's generally not a great thing for pretty much anything else, because you can't plan.

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