Where we are now and where we are heading; however, I do not know anything and nobody can predict the future:
We have deflation in hard assets. Meaning your home and other hard assets (land, etc.) are going down. You can add to that real wages (see below).
We have at the same time inflation in currency terms. Meaning, a dollar today is worth more than a the same dollar in the near future. Your purcasing power is going down as the dollar loose its value against other currencies. What other countries are doing to survive? They are devaluing their currencies to compete. The efect, is more currency wars to become more competitive.
No comments:
Post a Comment