I see the economy in serious trouble. The only way out is to inflate the currency. I do believe deflation will follow shortly behind. As boomers die off, more housing will be available than people to occupy the housing.... Unless.... They allow huge amounts of immigration, and that will be the likely scenario because banks are getting interest off of printed money that they never had to begin with. 6% of $600,000 is more than $300,000, so I seriously doubt they want deflation. I have a feeling the next 2 years are going to be rough.
I see the economy in serious trouble. The only way out is to inflate the currency. I do believe deflation will follow shortly behind. As boomers die off, more housing will be available than people to occupy the housing.... Unless.... They allow huge amounts of immigration, and that will be the likely scenario because banks are getting interest off of printed money that they never had to begin with. 6% of $600,000 is more than $300,000, so I seriously doubt they want deflation. I have a feeling the next 2 years are going to be rough.