10 The LandReport | S U M M E R 2 0 1 5
LANDREPORT.COM
I
'd like to thank my brother Stephen for singling out a startling fact
in MarketWatch. The gist of his analysis is to track equities and
financial currents that affect land and landowners. One of the
points Steve notes on page 16 is that central bankers plan to buy $2
trillion worth of bonds over the next 12 months.
Did that figure register with you? Two trillion dollars? That's not
prudent economic policy. That's funny money. If our global economic
system requires that level of life support, what is going to happen not if
but when China's growth rate cools or Greece leaves the eurozone or the
Strait of Hormuz goes to DEFCON 1? The mere whisper of the Federal
Reserve raising interest rates is already making the Dow spasmatic, right?
When that day of reckoning arrives, land and other hard assets will
weather the storm much as they did during the Great Recession, the
Great Depression, et al. That's one of the reasons we're proud to
highlight in this issue the brokers who toil year-round to convince
you to put some of your hard-earned cash in a rock-solid investment.
Remember, land is much more than a great way to make memories.
Pennies don't fall from heaven;
they have to be earned on earth.
Funny Money
E r i c O' K e e f e
editor@landreport.com
Editor's Note
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