The still expanding Main Street depression is creating buy opportunities all across America. My guess is that high quality rent-earning real estate and dividend-paying stocks will be snapped up quickly by those with cash, including investors from overseas. America is "on sale" and cash buyers are now eagerly sought by sellers (i.e., too many goods chasing too little cash, which is the macroeconomic formula for deflation and depression).
Those with world-class skills to sell (e.g., physicians, engineers, and entertainers) or significant rent and dividend income are the new lords of America. Everyone else (e.g., those who live on fixed incomes, government salaries and entitlements, or earn wages for other than world-class skills) are in for hard times...
Economic Competence Revisited
1 hour ago