Stocks, real estate, gold, oil, inflation rate, and interest rate valuations are all updated after the first half of the year.
Housing Wire tells us rents are up in: Memphis, St. Louis, Greensboro, Jacksonville, Columbus, Tampa, Cleveland, Kansas City, and Virginia Beach. I discuss where they fell.
San Francisco rents just plunged 12%.
Macroeconomist Richard Duncan of MacroWatch joins us to discuss depression chances, and inflation vs. deflation.
For a 50% subscription discount on Richard’s MacroWatch video newsletter, use Discount Code “GRE” at: RichardDuncanEconomics.com.
Fed intervention has prevented a COVID-induced economic depression (so far). We will need more to prevent depression.
Hordes of dollars can be created by the U.S. because dollars are not tied to gold. Many Americans still don’t understand this.
Recent currency creation has not caused high inflation. The Fed usually hit below their 2% inflation target.
Could consumer price deflation create asset inflation? Yes.
I describe deflation vs. inflation as a “tug of war”.
Deflationary tugs: globalization, technology.
Inflationary tugs: currency creation.
Bottom line: Be invested in something that pays you five ways like real estate.
Resources mentioned:
Richard Duncan’s MacroWatch newsletter:
Use Discount Code “GRE” for a 50% discount.
Mortgage Loans:
QRPs: text “QRP” in ALL CAPS to 72000 or:
By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.
New Construction Turnkey Property:
Best Financial Education:
Popular Podcasts
United States of Kennedy
United States of Kennedy is a podcast about our cultural fascination with the Kennedy dynasty. Every week, hosts Lyra Smith and George Civeris go into one aspect of the Kennedy story.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com