John T. Reed’s news blog

Because of high inflation in Turkey, its citizens are fleeing to Europe. I have repeatedly told readers here that if we get hyperinflation here, you will have to leave the U.S. . That seems to meet with a lot of resistance. It is not debatable. The average Venezuelan has lost 24 pounds due to their hyperinflation. . One Turk says in today's WSJ, "We used to cook meat every day. Now it's just once a week." Another Turk said his family had to stop eating meat at all. . Another of the Five Bad Laws that hyperinflated governments always pass...

A year or so ago, many would be home buyers and investors decided to sit out the current home market. Why would a home buyer not buy a home? Why would a would be-investor not invest? They claimed the market was “insane,” “crazy,” “nuts,” “ridiculous.” Those adjectives apply more to those who sat out the market more than to the market. What happened in the market was some pent-up demand came out of the lock downs. Also, prices are determined by supply and demand. The supply as measured by housing starts plummeted in 2020 due to covid, lack of construction workers and shortages of...

A guy who calls himself Street Smart Lou Brown says a big real estate crash is coming. . There is no big real estate crash coming. . Why is he saying there is? I guess because many assume all booms are followed by busts. And I guess he thinks he can make a buck telling those people what they want to hear. He wouldn’t be the first. . I have said I expect hyperinflation. I explain why and many ways how to protect yourself here and elsewhere at my web site. I also have a book on the subject. .Brown...

Many of my books are bought at Christmas to be gifts. I have 36 products: . • 21 about real estate investment and a package deal on buying all of them • 8 football coaching • 2 baseball coaching • Succeeding • How to Protect Your Life Savings From Hyperinflation & Depression • How to Spot Dishonest Arguments and keep your own thinking straight • How to Write, Publish, and Sell Your Own How-To Book • The Unelected President novel You can see their covers and details about each including reader comments at johntreed.com. They are all in stock and...

Another useless financial advice column about inflation and retirement: Anne Tergesen’s Wall Street Journal column yesterday. She correctly points out that retirees get screwed by inflation but offers zero helpful advice. She just quotes a guy saying he's "troubled by what [he] sees." . I am troubled by the WSJ offering zero help to readers who will be devastated by inflation if it happens. Pensioners are the group hurt worst by inflation. . Again, I think the problem is stock brokers have no inflation protection to sell that pays them a commission. The solutions are simple: non-USD-denominated assets. They are...