We’re still looking at over 9 month inventory and yes most of our sales are from distressed properties, but still a lot from new homes as well. We have a LOT to work through before we stabilize back to “normal.”

Luckily we have agents and investors in the field sending us leads to take down short sale properties, which have revved up our business twice fold in the last 12 months. We’ve always bought and sold foreclosures but that small adjustment makes us giddy as the numbers worsen.

Business is great over here, keep it coming –

Tracy Royce
Live Free Investment Group
Phoenix, AZ

Well, it won’t. That is, until deflation has run its course, you won’t have inflation. Generally in a deflationary period no one is borrowing because the risk of failure is too high in their minds. So the cash is not yet hitting the economy, which is what the money supply numbers seem to be saying.

Also, inflation is classically defined as the supply of money exceeding the demand for money. The first guys who get the new dollars bid up goods at the old prices, but by the time the dollars get to the last guy, prices have already gone up. They are the ones that have suffered the inflationary tax because now those dollars don’t buy as much as when the first guys got the new cash.