The inflation of real estate, stocks, and bonds is a “win-win” for city and state governments and a “must-have” for the federal government. Expectations are for a continued inflation of real estate and stocks given that the largest global asset group (U.S. bonds) will be hard-pressed to keep investor interest with the Fed’s low interest rate policy which it plans to maintain. Significant asset sell-offs occur along any long term uptrend but global central banks will continue to flood the world with liquidity (good for real estate and stocks and not so good for bonds).