July 14, 2024

To put this video in context, be sure to view yesterday’s Peter Schiff’s video. Personally, I cannot say if Mr. Schiff’s forecast will actually come about, but,based on his prior track record, I think it would be prudent to consider that there is a good probIlity that Mr. Schiff will again prove correct.

httpv://www.youtube.com/watch?v=MUENyk_uHbM

If you believe hyper-inflation will be good for real estate, you may want to reconsider. Hyper-inflation will occur with increasing interest rates, higher gas, utilities, taxes and maintenance fees. How can home values increase when one is paying $20 for a gallon of gas?

San Diego housing market

2 thoughts on “Peter Schiff and Marc Faber — The Economy on The Glenn Beck Show

  1. Those discussing the large drop in home prices that need to happen are failing to mention that the nominal price will not fall that far because Bernake is inflating the market; real prices will fall 30%+, however.

    Dallas attorneys

  2. Consumer demand has dropped. Unemployment has risen. The US is in a recession, with possibly a depression to come. Expect first stagflation (high inflation and high unemployment), both because of the increased price of imports and deliberate pump priming by the Fed, then deflation, as asset prices collapse so hard they take everything else with them. The other likely scenario is stagflation followed by hyperinflation. Formal inflation numbers put out will become not just a joke amongst market-watchers, but amongst the actual population. Same thing with unemployment numbers.

    San Diego County cosmetic dentists

Comments are closed.