george.shaw
Registered User
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I believe that once the US comes out of the current deflationary spiral, the creation of trillions of dollars will lead to virulent inflation and potentially hyperinflation as wanred by David McWilliams.
Thus borrowing in US dollar denominated debt and buying assets denominated in Euros, Yen and Swiss francs would be a good strategy as your repayments would fall dramatically and you would get a yield in the more valuable currency.
Does anyone know of a mortage provider (either in Ireland or internationally) that might be able to organise a US dollar denominated mortgage to buy property in Ireland, Europe or Switzerland?
This is a reverse of the dangerous carry trade where people got loans denominated in safe Swiss francs and bought properties denominated in risky Eastern european and baltic currencies - a disastruous strategy which backfired as I expected.
Any information or a nod in the right direction would be greatly appreciated?
Thus borrowing in US dollar denominated debt and buying assets denominated in Euros, Yen and Swiss francs would be a good strategy as your repayments would fall dramatically and you would get a yield in the more valuable currency.
Does anyone know of a mortage provider (either in Ireland or internationally) that might be able to organise a US dollar denominated mortgage to buy property in Ireland, Europe or Switzerland?
This is a reverse of the dangerous carry trade where people got loans denominated in safe Swiss francs and bought properties denominated in risky Eastern european and baltic currencies - a disastruous strategy which backfired as I expected.
Any information or a nod in the right direction would be greatly appreciated?