Be Carful Celebrating The Latest Inflation Data

[Matthew Crivelli]

Like the title says, don't get too excited about the October inflation data that was released late last week. As Michael Burry has pointed out, inflation doesn't happen in a straight line. More like a roller coaster.  We have a years worth of terrible readings and people stop spending. Inflation starts to be tamed, people start spending again, and the problem worsens.  Rinse and repeat. I hope I'm wrong, but history tells a different story. If you are buying properties that need rehab, make sure the deal is deep enough to withstand price drops. Don't over leverage either! This is not a time for new investors to start taking risks...