Credit is unwinding at a furious pace and unemployment is rising about as fast as it ever has. Dont buy real estate right now unless there’s some compelling reason besides financial logic. Evidence is quickly starting to build that we’re getting over supply in commodities now and we’ve had it in durable goods for a while. Hang on to your money, we are headed for deflation in many other things besides just real estate now.
Marc Faber, who’s been almost dead-on with his predictions for the last 8 years, said recently that he does not see any good and safe investment right now. That means cash is king. Even the US Peso is gaining now.
