In this episode Patrick Killelea joins us to do some crystal ball gazing for 2011. Tune in to hear predictions for rising interest rates, a declining Euro, and crashing stock prices in Asia and America. Patrick predicts that affluent areas will see significant price erosion for 2011 and that the National Association of Realtors will declare that it is a great time to buy. The Optimistic Bear posits that America is embarking on a lengthy odyssey with deflation, much the same as Japan has experienced, and that 2011 will be one of the down years taking asset prices to new lows. Europe will experience a bail-out too far, where the political will to arrange yet a bail-out for another distressed state falters.
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You can find all the Optimistic Bear shows here:
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You can find all the Entrepreneurs Northwest shows here:
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You can check out Patrick’s economic news site here (as well as his great forums for discussing real-estate and the economy):
http://patrick.netIf you are interested in deflation, check out the Deflation Study Group on LinkedIn (open to all LinkedIn members):
http://linkd.in/deflationsgYou can also listen to my in-depth Deflation 101 podcast.
http://bit.ly/deflation101This show is sponsored by:
