scotty1560

Can Deflation Be Avoided?

The bulk of the "bubbles" were caused by ficticious leverage ratios, so take
away the leverage and what do you really have? Go to the charts, look where
the bubbles started and we have to at least include the "possibility" of a long
painful re-track. Certainly 10+ years is a possibilty.

The horrible side because of this is much higher costs of living during this span.
So stagflation or low growth could be here for years. Real estate is likely dead
in the water without 100% financing and foreign purchases...commercial re markets ditto...2nd home market ditto...retail ditto...services ditto..etc.
We have a major structural problem with industry and China trade..
Wages are headed south ...time to work for the government..

every action has a reaction...no 700k mortgages for fruit picker wages!