So, a dollar buys more house, but it buys less bread. Which type of business occupies the average American more? I don’t think it’s the house!
Your major financial transactions in life are:
1. House
2. Salary
3. Stocks
All are lower now than in 2006 (DOW 14,000!).
Bread and milk prices are trivial. Major personal financials are tracking Japan down.
Fewer jobs. Slower speed of money.
Deflation.
Less credit availability.
Deflation.