If you are an American and own assets, stocks/RE in US dollars, you should rejoice in the choice Trump, the Fed/Mnuchin, Yellen/Powell and Biden made to induce inflation in 2019 and 2020, rather then take the path of the complete destruction of DEFLATION.
If you do not own RE or Stocks, inflation will f@ck you as we inflate out of the national debt over the next 30 years. Of course you could join the BRICS, I am sure you can convert your tiny bank account
We will inflate out way out of the national debt over the next 20 years, no matter the party in the WH or the congress.
If you own at 30 yr fixed mortgage at 3% hold that sucker for 30 years. You have a brilliant hedge against the dollar and the carry is only 3% a year. Even at 6% you have a nice hedge and the carry is only 6%, if Harris brings back SALT your carry in a 3% mortgage is close to 1%.
If you do not own RE or Stocks, inflation will f@ck you as we inflate out of the national debt over the next 30 years. Of course you could join the BRICS, I am sure you can convert your tiny bank account
We will inflate out way out of the national debt over the next 20 years, no matter the party in the WH or the congress.
If you own at 30 yr fixed mortgage at 3% hold that sucker for 30 years. You have a brilliant hedge against the dollar and the carry is only 3% a year. Even at 6% you have a nice hedge and the carry is only 6%, if Harris brings back SALT your carry in a 3% mortgage is close to 1%.
