If I have something that is:
a) currently cheap
b) likely to go down in value
c) exchangeable for things of real, lasting value
and I was prepared to let you borrow it from me, would you?
Interest rates are low.
Inflation is high (don't believe the govt statistics, look at your cost of living increases)
Things of real value are currently low
Your two risk factors are:
1) loss of ability to service debt
2) loss of value for the thing you exchange the debt for
As long as the thing you buy covers the interest rate and/or you have reasonably assured income (nothing is certain) then the loss in value shouldn't matter, unless we're talking speculation in something. But if you can buy into a real company earning over it's cost of capital, or real estate that is providing income over it's expenses, then you should, by all rights, be home and hosed.
Sure, it involves risk. But so does the zero case of sitting still and hoping things will get better.
