Every time She sends me to the market to pick up the missing ingredient, I'm struck by the difference between the official COLA inflation numbers and the unofficial experience I have when I check out prices on the cola aisle.
The COLA/cola disconnect has some repercussions for our business, too. When people learn to distrust the official inflation numbers, it can't help but make them wary of the economic projections based on them.
Over the past few years we've become all too aware of the exquisite sensitivity of real estate markets to economic policy, and of economic reality to both. If more effort is given to bringing the two colas back into harmony, common sense tells us some extra fizz will also return to the market!
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