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Podcast: The Real Estate Espresso Podcast
Episode: Secular Versus Cyclical
Description: On today’s show we are talking about the difference between two types of inflation. Economists have terminology for inflation that is used to describe the nature of the inflation.
The first is cyclical inflation. This type of inflation is caused by a short term economic disruption, for example a supply shock. Once that supply shortage is resolved, prices tend to normalize and the inflation essentially disappears. Some economists use the term transitory to describe a cyclical inflation.
The second type of inflation is called secular. This is a dee...