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Harley Bassman’s Trades For An Inflationary World
The preponderance of evidence suggests inflation is not transitory, the rub is that interest rates may no longer be correlated with inflation. What is indisputable is that Implied Volatility is way too low since the range of outcomes is now much wider.
"A Cheerful Sisyphus"
A Commentary by Harley Bassman
Over the course of a dozen years and the terms of three Fed Chairpersons, the FED has been working dutifully to create inflation in the US economy.
Seemingly at odds with their Congression
I read this one twice. Love the simplicity of the suggestions.
I had a very interesting, but somewhat disturbing, conversation with my brother and sister-in-law over the weekend regarding the general topic of how we each invest the money we have, but do not need tomorrow.
They are utilizing a professional money manager, with results definitely below SPY. I asked them if they have conversations with their money manager regarding many of the topics that get discussed here on THR; the impact of the massive amount of money that has been injected into the economy and negative returns- and how that impacts the specific investment decisions made on their behalf. It did not seem that was the case.
We changed the subject of conversation at that point- but I was thinking of telling him to just drop the investment advisor and put it in SPY. Fortunately, I was sticking to my “one glass of wine” protocol and did not break my personal rule of “never give anyone I know, or might see again” investment advice.
Because it is always incumbent on the investor to know when things are changing and it is time to get out. I might be wrong or forget to call them back.
agreed -especially on the “one glass of wine” rule 😉
Also would like to add that it’s articles like this, in addition to H’s own musings of course, that make this site worth every penny of the subscription fee.