I'd Argue It Accelerated With COVID

I've always made this point that there's three reasons why you can make a case that you can't really escape deflation long-term. The wealth gap is enormously disinflationary, deflationary because Zuckerberg doesn't need two planes to get to where he needs to go. Then of course, demographics. Everyone seemingly forgot that we still have baby boobers that hold the vast majority of assets retiring and divesting. I'd argue actually it accelerated.

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