Owning a house with a reasonable monthly expenditure, having a nest egg to withstand a year of unemployment all make for great downturn protection. One concer

Owning a house with a reasonable monthly expenditure, having a nest egg to withstand a year of unemployment all make for great downturn protection. One concern with this recession is that there is a risk that low interest rates distorted prices in irrational ways. Historic examples from the communist block do not look kindly on rapid price reallocation. Nest eggs don’t last long in a market losing 25% YoY with 10% inflation. Housing has become a dragon which either requires high inflation, government policy intervention, or a severe crash to correct.