Dave Coker

Nice article.

I’ve always been surprised at his claim as it never made sense to me. I’m a solid 1%-er and don’t carry our primary residence on my balance sheet, even though we don’t have a mortgage, because we need a place to live.

And I’ve got a relatively large property business, always rent at cost plus. I won’t feed a property, aka subsidise a tenant, although some of my peers do indeed operate that way.

I consider them reckless, but they consider me too conservative. Ha!

--

--

It depends upon where you live; for Americans they likely will see a dramatic fall in living standards, simple because of seignorage. Keep in mind because USD is the world’s predominant (1) reserve currency, other nations have to hold it. As nations such as The BRICS move away from USD, they no longer have to hold is and seignorage i.e. zero cost borrowing by America, no longer works.

I present on this topic often, compare the upcoming fall in America living standards to what Britain went though post WWII.

Living standards likely will fall for 10Y to 20Y. There is evidence this fall is already in motion.

--

--

Dave Coker

Dave Coker

Retired Investment Banker, Deutsche Bank, ABN AMRO, Moodys, now University Lecturer in London. Financially independent student of markets. American / British.