Victoria, BC real estate blog - "because we never know when interest rates will be increased to stimulate the economy" ~ VREB
The longer this goes without leveling/cooling off. The greater the pain and correction will be at the end of the day.That or we are entering(or in) a period of high inflation. One that wages are not tracking, and the only way to keep up is speculative moves in assets. Real Estate, Equities, random collectible goods. Something thats value moves outside of your fiat currency.I think M3 in most major nations is tracking at something close to 10% a year. Despite what government CPI statistics say. What is inflation, creation of money or cost of goods? I may feel the cost of goods, but isn't that just a symptom of too much money being created?
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