Good post, John. IMHO, this is ‘Question of the Year’.
We’ve got tremendous fiscal stimulus in the short term, immediate attempts at stabilization and also mitigation of unemployment — then collapse of the currency in the longer-term, debasement of debt and ‘reset’ of the economy, possibly with broader geopolitical consequences. Only way out as I see it.
Dollar savers will get screwed. And housing won’t come back for 20 years, not in real terms. I suspect housing price appreciation will lag inflation for a number of years to come. Property financed on a fixed rate might be a winner. What else? Gold? Commodities? Stocks?
