Originally Posted by peter-paul

I think one thing everyone is overlooking is the assumption that the purchasing power of the dollar is linear in terms of real inflation. It is not. This picture shows the money supply in circulation for the U.S. The printing presses and computer balances have been ballooning non-stop, flooding ththe U.S. with cheap money. This has found it's way into the economy, and explains why the stock market is so high while regular people are unable to afford basic goods and services.

For those who are middle to upper class who have been able to benefit from this cheap keynesian money printed from nowhere, the purchasing spree has been unprecedented.

Due to the money supply, and the real level of inflation, we won't be seeing prices drop unless there is an all out depression that leaves people desperate to sell assets in order to eat.