CPI includes food and energy, the things people need the most. A whopping 1.7% year ending September for the US so fuck knows where your imaginary inflation is coming from for food and energy.
The CPI metric is correct and you are wrong.
Interest rates going down, gold has even stalled and you still argue inflation is rampant and everything is rigged because you are so wrong about it all lol.
I give you a 10/10 for going full retard though which is a pretty good rating.
I wonder if you guys might be actually arguing about something you are actually both somewhat in agreement with. Here's my take:
Currently many things are becoming cheaper, both to increased efficiencies in production and manufacturing, logistics, energy etc, Food, electronic items, cars, transport, clothes, beverages, music, literary works, shoes, etc all are cheaper in real terms. Enhanced even more so by the short term deflationary effect of covid (which reduces demand more then supply and hence reduces price). AT THE SAME TIME, we are seeing increased creation of money, and likely much more than what is needed to offset deflation in the long term. That, combined with an ever flattening yield curve and longer term super low interest rates has had an inflationary effect on income producing asset prices, particularly real estate and stocks, (as the rate of risk free return investors are prepared to accept has increasingly fallen, meaning the that "P" of the PE of such assets rises when compared to the "E", especially when there is more money than ever chasing a yield. Other "stores of value," though not income producing, such as art, old, and Bitcoin are also positively impacted as there is now less of a need to show a return on such assets given the almost zero return on cash, particularly when the value of cash is being eroded every second over time due to money printing.
