Within the next 1-2 years (from Jan 2024), goods and service inflation and wage inflation will become very low or negative, leading central banks to cut interest rates quickly. This will cause asset and house prices to increase massively, even as the economy and living standards for the majority worsen.
"we will move into a situation where goods and service inflation and in particular wage inflation is very very low maybe even negative which means Central bank's cut rates which I think they will start doing relatively quickly and then you get this like double whammy impact on asset prices... I think that's what we're going to move into in the next sort of year or two here in the UK in the rest of the world... the economy stays terrible and I think it will get worse living sty standards stay terrible I think they will get worse but asset prices and house prices will start to increase"
