RE: Where Is The Deflation? The Same Is True For Inflation

AI will be a massively deflationary force. And Apple just set the metaverse in motion. Not with what the product they announced but the fact that that product is going to start driving component costs down and get more players into the game. In 5 years it will be cheap and 100x better than their first product. In 10 years it will be devices in your home and in the wild eye tracking and projecting overlays that only you can see without goggles. All of this is deflationary. The whole system is going to have to be overhauled to deal with this shock.