As you all know, asset values have been over-inflated because of zero (or negative) real interest rates. And, $14T worth of quantitative easing.
It doesn't help if you get shrill and hysterical. I'm cash rich. I welcome a rise in interest rates. Let it come.
This is how stupid Jimtan is, in original post he identifies that quantitative easing was the tune of 14 trillion.
Then his next post brags about how he is cash rich. I'm not even sure if he understands the principle of devaluation of base currency. Currency and money is two different things. Assets are the best way to hedge against inflation. Last time I checked you cant print more Vancouver homes.
Assets will move and keep up with inflation according to how much currency is out there. 4 apples will always be 4 apples, 4 dollars vs 400 dollars, there can only be 4 apples.
So Jimtan you idiot, not only did you lose out on RE gains your worthless cash is worth even less now. Good job, atleast you have a Hyundai E550