These numerous share and property markets have all gone up dozens

Although some of these are beginning to show signs of running out of steam, they are all nevertheless at or close to an all-time high – something that is key to the point I am making here. These numerous share and property markets have all gone up dozens or, in some cases, even hundreds of per cent in the last few years, yet government inflation numbers have consistently been in the low single digits and the press constantly talks about ‘low inflation’.

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