patrick.net

Simply because all I hear about on the internet/news/podcasts is inflation, INFLATION, INFLATION... When MSM is spewing one thing, haven't we learned by now to do the opposite?

At some point, people can't keep up with the rising prices and quit buying. Wouldn't that naturally lead to deflation? I know the fed can print indefinitely, but if people refuse to spend, I think we'd still have a downward slope in prices. Additionally, with the "supply" shortages caused by government paying people to stay home, I would assume these shortages would stop once people start going back.

Ourselves and people in our neighborhood pretty much said "fuck it" to all projects that required lumber, and we're seeing those prices starting to come back down. I think we'll see the same with car prices and most other commodities.

Here was a good article on what I feel is starting to happen:

https://www.zerohedge.com/markets/hangover-here-explosive-inflation-leads-record-collapse-home-car-purchase-plans

I was gung ho on buying real estate the other month, but I've had some people who own hundreds of rentals tell me last month to wait 3-6 months minimum, as they expect prices to start falling.