Proceed With Caution: Now is a good time to raise some cash and wait for a pullback in the markets

摘要

Get ready for the Great Deflation. By that I do not mean the downward spiraling of prices and standard of living that plagued Japan during the past decade and so worried former Federal Reserve. Chairman Alan Greenspan. What I do mean is a drop, or at least a leveling off, of the soaring prices in real assets fueled by the superlow interest rates those deflation fears spawned.