Smart Choices for the Coming Bust – Part 1
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Peakmoment TV in Vancouver, Canada just published a two part interview with The Automatic Earth’s Nicole Foss, and her co-speaker on her recent US and
[See the full post at: Smart Choices for the Coming Bust – Part 1]Interesting scenario. Rising interest rates concurrent with currency appreciation. And as everything is falling in price, what is the incentive to paying high rates of interest to purchase goods now that will be lower in price in future? I would think credit would be shunned is such case, reducing it’s carrying costs.
I can see the “staying liquid” theme because when the money creation storm hits, cash can be disposed of fast. But in a blanket devaluation, one must be light on his feet to move rapidly out of the “devalued” medium.
Venezuela’s recent 1000 for 1 stock market split comes to mind.
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