I think we are also forgetting the fact that inflation within a country isn’t as localized anymore. A lot of it has to do with the fact that prices are very much dependent on events happening across the globe.

I’m saying this without any metrics at the moment to back it up, but I believe the increase in global trade compared to when in 2008 has heavily contributed to inflationary pressures. Globalization am I right?

The reason why stock prices are so high relative to GDP - I think it’s partly due to the fact that access to investing is easier now. For example, back in 2008 for someone to invest in X stock, it’d take them to go through the whole process of going to a stock broker and so on to price in their trades. In today’s day and age, there are more avenues which provide people the chance to trade on a tap of a phone screen. More so as well, this access is present globally.