I’m of the belief we’ll never see asset deflation again

treeman said:
Yeah, the government should just hand the keys to Brett.

or he can continue to complain as if he has a say in any of it. People love to complain. It’s a sign they aren’t making money.
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My "complaining" simply means I understand the dynamic going on. I realize that I don't have any say, that is why I don't waste my time voting. My vote will just be cancelled out by another idiot.

We are going to continue to do stupid stuff and I am going to sit back, enjoy the decline, and find ways to make money.

I am bearish on the US dollar and bonds but I think inflation is going to push up stock prices. To avoid inflation I make sure I am holding a negative balance of US dollars at all times and take advantage of any low-interest rate debt that I can find.

I am up over 1.4 million dollars in the last year.
 
DiceAreCast said:
I don't think so. If bread costs 8 and a value meals 15 then that will be a direct reflection of runaway inflation. With that all those equity paper assets that are invested in horrifically underperforming projects will all be dropping back down to earth. Mark my words, the top billionaires today will all see their paper wealth eroded greatly over the next 10 years. Tesla is worth a fraction of its current price. So are most other tech stocks. One of the worst things one can do today is to buy properties that are overvalued. Most lemmings who buy in this market are tricked by low mortgage rates but don't realize that they just locked in a low rate to service a completely overvalued asset that will at some point converge with fair value. Same with most stocks today.
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People have been saying this for 30 years lol
 
Clubber Lang said:
Well since the minimum wage is going to be $15 an hour the store owners will of course have to greatly inflate prices to pay their employees
Thank the Democrats
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perfect storm...aggressively higher wages, aggressively higher energy with huge US govt burdens, aggressively higher commodities, upward interest rates without an end in sight, rising taxes, and never ending govt assistance to the masses ...very similar to 1970s Carter

because of our lag in EV in mass production and the long drawn out low minimum wages over the many years, we WILL NOT be able to convert over night to EV, robotics, ect and particularly the built in need for ultra low interest rates in ALL of our industries. In the near term and even some of the medium term we are hooked on oil, wages, commodities, interest and dovish fed...completely hooked. Its works until it doesn't.
 
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Pricechange said:
perfect storm...aggressively higher wages, aggressively higher energy with huge US govt burdens, aggressively higher commodities, upward interest rates without an end in sight, rising taxes, and never ending govt assistance to the masses ...very similar to 1970s Carter

because of our lag in EV in mass production and the long drawn out low minimum wages over the many years, we WILL NOT be able to convert over night to EV, robotics, ect and particularly the built in need for ultra low interest rates in ALL of our industries. In the near term and even some of the medium term we are hooked on oil, wages, commodities, interest and dovish fed...completely hooked. Its works until it doesn't.
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It's a novel concept that low wages drive inflation. You should publish the paper where you show how that works, I'm sure there are lots of people who would be interested to read about the data and methods you used to come to that conclusion!
 
DiceAreCast said:
Inflation adjusted, property investments are one of the lowest yielding assets outside of local bubbles. You can do the math yourself and stand corrected or look stupid not knowing anything. Your choice.

https://www.multpl.com/case-shiller-home-price-index-inflation-adjusted

About 1.44% per annum. Lol.
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Maybe in the US but not here in Canada. Also consider that real estate is a leveraged product most of the time, Look at the cash on cash return
 
That is nonsense again. Properties are not leveraged assets in the same way than car loans are not leveraged assets. A leveraged asset is one which you can buy and sell at any time. If you want to sell a house under mortgage you first need to repay the entire outstanding debt not after the sale (except in the rare cases where you make special deals with the mortgage issuer). A leveraged asset is a futures contract.

apo99 said:
Maybe in the US but not here in Canada. Also consider that real estate is a leveraged product most of the time, Look at the cash on cash return
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