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Re: News Bites Inflation returns to 13-year high, stocks overdue for 'fairly significant drawdown' - Ted Oakley

By: ribit in 6TH POPE | Recommend this post (0)
Thu, 14 Oct 21 6:29 PM | 21 view(s)
Boardmark this board | 6th Edition Pope Board 		Msg. 25388 of 60008
(This msg. is a reply to 25385 by Decomposed)
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...not a problem. The biden admin informs us this morning that inflation only effects the rich.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!

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The above is a reply to the following message:
News Bites Inflation returns to 13-year high, stocks overdue for 'fairly significant drawdown' - Ted Oakley
By: Decomposed in 6TH POPE
Thu, 14 Oct 21 5:06 PM 		Msg. 25385 of 60008

October 13, 2021

News Bites
Inflation returns to 13-year high, stocks overdue for 'fairly significant drawdown' - Ted Oakley

by David Lin
Kitco.com

Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday.

Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices.

“We think you have to have a mix of agriculture, food, energy, anything that is tied to making hard things. Real estate is a good hedge too. Unfortunately, it’s starting off with a really high level, so you can’t price it from a cash flow standpoint,” he said.

For more information on inflation hedges, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

http://www.kitco.com/news/2021-10-13/Inflation-returns-to-13-year-high-stocks-overdue-for-fairly-significant-drawdown-Ted-Oakley.html

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