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#22
02-22-2021, 04:16 PM
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Leon-I don’t think it is that. I think what you are seeing is new well healed buyers entering markets where the supply of desirable goods is limited. If anything, it is probably analogous to Tulipmania, although Tulipmania was a bubble and I’m not sure that this is. If there was too much cash sloshing around in the economy I think you would be seeing widespread inflation and you are not.
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