Just my opinion...
Yesterday, I read about apartment rents zooming up.
We've also all just heard about the unemployment rate dropping.
And just now, I read, "US consumer borrowing rises to record $2.75T". And that's for just through October. Imagine what it will be by end of post-holidays. http://finance.yahoo.com/news/us-consum … 05723.html
Will inflation go to double-digits? I doubt it. But I bet it's going to be over 5%. Last time that happened was 1990. http://www.usinflationcalculator.com/in … ion-rates/
All the pundits are worried about the recovery continuing re: fiscal-cliff, gridlock, etc. Inflation issues aren't even on their radar. I submit that risky-business lies ahead...
My opinion is in direct contradiction to that of just about everyone else's. I don't care.
Your experiences have taught you to be one step ahead. Unfortunately, those who have not experienced what you have, would have never expect that the s*** could hit the fan at any time. They will have a much more laissez-faire attitude. You can't change that.
If one "knows" that inflation is going to be a major issue soon, what should one do?
And just to make it interesting, one is not allowed to make investments in:
Gold, silver, platinum, rare earths, or any other precious metal.
In fact, you are not allowed to invest in any traded commodity.
You are not allowed to buy or sell stocks.
You are not allowed anywhere near Forex or any other currency markets.
You are not allowed to have anything to do with the real estate market.
You are not allowed near the art market.
None of the typical investment venues are permitted. Period.
So, what's left as to what one can do to make maximum utilization of their "knowledge" of the coming inflation?
the unemployment numbers have all been 'tweaked' and are not true nor will they ever be.
Next year the death tax is going up as well.
"Tweaked" is a kind word for it. Fraudulently altered wold be a better phrase for it.
For that matter, inflation numbers are also severely messed with.
by Mikel G Roberts7 years ago
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This is one of those stories that seem to have legs and one that we are going to hear more about. It is one of the few forum topics where I have not expressed an opinion either way. I am hoping that the hub pages...
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