What's that Marc Faber joke? He has predicted seven of the last four recessions. The same goes for predicting property or stock or commodity crashes.
We are in a unique time - all governments are running fiat currencies - almost no government can afford to be held accountable for all its' debts and commitments, like a business would, so for the forseeable future it is quite likely that interest rates will stay incredibly low. It is that, or major governmental defaults on obligations.
So to make predictions of what will happen is not really possible as - frankly - nothing like this has ever happened before? Sure we have had isolated countries print money(Germany 1930s, Zimbabwe etc) but not the US, Japan, and Europe. And China does too both through printing excess Yuan to keep it's USD exchange rate low, and consequently driving up its' own money supply, but also in its on book and off book lending.
So we are living in interesting times - but hey, I have no way of predicting the future either. So I am just going to buy things the day before they crash, like any good pilot would!
Anyone got an Alpaca farm or Vineyard for sale???