It does. Real estate in many places has nearly doubled. Stocks are up to ridiculous heights. As is crypto. Silver doubled. All during a pandemic.
There are only a handful of businesses which actually grew in value (purely online, Amazon, etc) during the pandemic, as well as some genuine increase in real estate value due to pandemic shuffling, but my take is that everything else is inflation. If you have seen your stocks rocket up in the last 12 months, you're seeing a graph of what you would have lost had you held cash.
The thing is that it's not inflation that will necessarily translate immediately to consumer goods, because the markets for consumer goods are not as quick to respond, as well as the fact that much of this inflation went directly to the very wealthy, whose access to funds hardly impacts the price of consumer goods to begin with.
There are only a handful of businesses which actually grew in value (purely online, Amazon, etc) during the pandemic, as well as some genuine increase in real estate value due to pandemic shuffling, but my take is that everything else is inflation. If you have seen your stocks rocket up in the last 12 months, you're seeing a graph of what you would have lost had you held cash.
The thing is that it's not inflation that will necessarily translate immediately to consumer goods, because the markets for consumer goods are not as quick to respond, as well as the fact that much of this inflation went directly to the very wealthy, whose access to funds hardly impacts the price of consumer goods to begin with.