March 31, 2014

Get in the face of the right Man

It's the super-rich, the top 1/10 of 1% that's the problem, not the orthodontist from Oxnard.

One interesting aspect of this is that these guys own a lot of bonds.  Bonds have risen sharply in value over the past 30 years as interest rates fell, but that story is about over.

A little inflation would sure help sort this out.  Just a little, teeny, tiny bit, say an extra 2% embedded in long-term expectations.

Don't hold your breath.



Post a Comment

<< Home