[quote=CA renter][quote=paranoid]patientrenter, you draw your conclusion too quickly by assuming that hyperinflation is or will soon occur.
What I’m seeing instead is DEflation worldwide, not inflation, nor hyperinflation. I believe in short term, more DEflation will occur. We will have plain time to see housing price drop to a much lower level before it starts to increase again. Sure US is not Japan. But there are a lot of similarities.
I believe most people, including most piggs, will be surprised by how low the housing price will go.[/quote]
The govt is definitely trying to turn us into a Japan.
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I read Rich’s article. And it was a very interesting point about why or government would be choosing inflation versus a deflation strategy. Afterall, unlike japan, America is heavily in debt.
Debasing the dollar does wonders on all those IOU’s (at the expense of folks who are saving earning that 2-3% on that CD).
