Deflation Warning
A medium latté downstairs from my office has been $3.00 since I moved my practice here two years ago. I liked the evenness of the price. I could go down with three one dollar bills and get a latté. No pesky change to deal with. I knew some day the price would increase, and I'd have to go down with four bills and come back with a quarter-pound of annoying coins.
But yesterday, they told me the price had dropped to $2.94. What the? For reals?
I suggest: Sell your stocks. Sell your gold. Sell your house. Sell every tangible thing you can. Put it all in cash. Housing prices dropping might've been an isolated event; but when coffee prices drop, too, you know deflation is coming.
But yesterday, they told me the price had dropped to $2.94. What the? For reals?
I suggest: Sell your stocks. Sell your gold. Sell your house. Sell every tangible thing you can. Put it all in cash. Housing prices dropping might've been an isolated event; but when coffee prices drop, too, you know deflation is coming.
2 Comments:
Economists say that in deflationary times the best investment is aluminum.
I literally laughed out loud for over a minute on this one. A true knee slapper!!
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