Prepare For Asset Price Declines Of 50-75%
By: Steve St. Angelo, SRSrocco Report
GoldSeek.com
Wednesday, 5 July 2017
What we have is a totally propped-up market based upon debt. Energy isn’t producing positive growth, really. So instead of having real economic growth, we have inflated economic growth and inflated asset values.
When growth starts to decline, I think we’re going to see the valuations of assets decline considerably. It’s anyone’s guess how quickly they can fall, but according to what I have been looking at, I think we are going to see a 50% decrease in real estate values right off the bat. I am not saying this will happen in a day, but the first wave will be a 30-50% decrease in real estate values when the markets really start to crack. They are already at the edge of the cliff — and I see prices falling down the cliff, struggling to recover, and then falling even further. Actually, I predict within the next 5-10 years, we can easily see a 75% or more reduction in real estate values.
This was part of my interview with Chris Martenson at Peak Prosperity. During the interview Chris and I discussed how the disintegrating energy industry would negatively impact the value of most assets…. Stocks, Bonds and Real Estate, while the precious metals would ultimately be the higher quality safe haven and store of value.
The Rest…HERE
