Commentary
The entire investment world seems to be crashing except for good ol’ sticks and bricks on terra firma—real estate. Part of the paper and digital assets sell-off is related to the fear of an economic recession.
Though it’s an increasingly germane topic, recession prospects carry wide disagreement among experts. It’s still less controversial than mask mandates, cancel culture, or student debt forgiveness. So let’s tackle it.
Inflation keeps running hot, at an increase of 8.3 percent from a year ago. One could think that persistently high inflation readings mean that asset prices of inflation hedges like gold and cryptocurrency should soar.
…