Yes, and I have no idea. With a lot of dollars sitting
outside the country, some of those could be used to scoop
up cheap Real Estate? By "cheap" I mean real, not
dollar terms. Crosscurrents for sure.
In my scheme, I would expect a deflationary drop in asset
prices, including RE, first,
intermediate term, then a printing "response" from the Fed,
which will lead to higher dollar prices of these assets.
I'm just very afraid of this Fed's strong printing response,
which could lead to a hyperinflation, the worst possible
outcome. A dollar crisis will come and pass, leading to
rebuilding of the manufacturing base, and a collapse of
speculation. Hyperinflation will do exactly the opposite -
it will further encourage speculation in real goods, while achieve a
complete destruction of the real economy and manufacturing |
