lance sjogren

Predicting the Next Great Bubble

Those predicting inflation point to the massive expansion of money and credit.

Those skeptical about inflation point to the fact that in assets like real estate, demand far outstrips supply and will for the forseeable future.

So who's right? Both, I believe. Money supply growth will fuel inflation in some assets. For other asset types, a glut of supply relative to demand will preclude price increases.

Precious metals will go way up, same with other commodities like oil and agricultural products. On the other hand, real estate is going nowhere for at least the next 3-5 years.