howdee, although wall street prices aren't indexed in the cpi, i'm wondering if there is some relationship between the stock market boom and inflation. perhaps what the notion of a "bubble" is supposed to imply--but given that securities are relatively liquid, wouldn't there be something to the idea that the boom increases money supply (broadly construed) and hence might have something to do with inflation? how much of this would depend on international markets? that is, does this come down, internationally and nationally, to a problem of liquidity preference? christian
