Larry Edelson has a hard-hitting piece in Money and Markets, No Depression on the Horizon.
His take is we’re not going into a depression. That’s the good news. (If you watched the newscasts I saw last night, you may have been terrified.)
Edelson’s arguments against a depression are sound. For example- he is one of the first experts to put the foreclosure situation into a real solid perspective. According to him, only 0.83 per cent of U.S. mortgages are currently in foreclosure.
The sky is not falling for the majority of homeowners. And real estate always keeps some of its value, even in default. Hence, the excellent buys.
But here’s Edelson’s warning:
The Federal Reserve will save us for now, but at what cost?
Edelson believes we will fall into a period of inflation, even hyperinflation.
Think about that.
What will hyperinflation mean for a real estate investor?
Buy now with cheaper dollars and put those cheaper dollars into hard assets. Real estate is a hard asset, and if bought wisely, could bring you fortune, no matter what the economy does.