All IMO...America is rocketing because they keep printing money (pumping stimulus into the economy). Given the levels of debt around the world, governments have no option but to (attempt) to inflate the debt away. They are never going to be capable of repaying debt levels so they print money in the hope the value of the debt will deflate over time, solving the repayment issue. Australia is no different. The government embraces any opportunity for stimulus with two open hands and if the government continues to print money (stimulus), we should theoretically see inflation (decreasing value of debt) and a lot of that money will eventually end up in the share market; causing prices to continue to rises just as we are seeing in America. Unfortunately, technology is deflationary in nature and the cost of production and living more generally should be getting cheaper! So how does that play out? Does the system break? What happens to prices then?
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