My understanding is that the inflation is causing skyrocketing asset values, it just hasn't trickled down into the economy.
Once the central bank hits zero, asset prices return to their market clearing prices as participants chase yield
By the 10 %? By the people entering pension?
I will be K shaped, the rich get richer, pension people will be able to "enjoy" there pension and the poor wont be able to afford rent. Since big corps and funds will invest in housing to "save" money.
Probably a little of both, but it is an interesting time in economics for sure.