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1. Inflation is coming: Economists generally agree that high rates of inflation come when money supply outpaces the rate of economic growth. The Federal Reserve Statistical Release from March 5 saw the M1 Money supply grow at a seasonally adjusted rate of 27.1 percent. Economic growth, on the other hand, is not growing. According to the Bureau of Economic Analysis, the fourth-quarter real gross domestic product decreased 6.3 percent. Although the U.S. economy is in a deflationary recession, at some point, probably late 2010, the tide will turn and we’ll see rapid inflation.

...Norm Miller is director of academic programs at the Burnham-Moores Center for Real Estate at the University of San Diego. Trevor Jensen is a graduate of the Burnham master’s program. (Full Story)