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Howard
Caveat: I have only vague notions about what some of these words even mean
But I think the idea is that quantitative easing and (consequent?) low interest rates has resulted in massive inflation of asset prices whilst keeping CPI-type measures fairly controlled. And somehow, sooner or later, this money is going to end up in the hands of normal consumers who will spend it all and send prices skyrocketing. I don't know what the mechanism is for that 🤷♂️