AH, " If higher interest rates and inflation are the only way out of our 'debt bubble', now is not a good time to be debt free, it's a time to have a lot of long term fixed rate debt invested in assets that are likely to appreciate with inflation." Isn't Real Estate traditionally one of the assets that appreciate with inflation? If so, that sounds scary since we may be sitting on a pretty good Real Estate bubble now IMO. I guess this leads to the question, what assets should we be holding for the inflation? Stocks? Gold?
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