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Upside Down CAPM, Part 3: Supply and Demand for Deferred Consumption
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Upside Down CAPM, Part 3: Supply and Demand…

Kevin Erdmann
Nov 7, 2023

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Erdmann Housing Tracker
Erdmann Housing Tracker
Upside Down CAPM, Part 3: Supply and Demand for Deferred Consumption
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In parts 1 and 2, I described a model of capital markets based on a basic observation:

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