I've traveled, raced sports cars, flown light airplanes, and competed in bullseye pistol to alleviate boredom. The idea of entertaining myself by doing stupid things with my investments faded and died as I learned how really stupid it is to try to beat the market. So, .... boring is good. We look at rebalancing about once a year and in many years we do nothing.
I'm afraid you may be right, but then again, I've been expecting it for a while now.
Similar statement we heard from other permanent bears like Peter Schif, Mark Faber, Jim Rickards, David Stockman etc. So far the Feds actions are keeping inflation and Market stable, yet there is $4.5 trillions on their balance sheet with only talk that they somehow in a future will sell those "bad assets" , purchased to avoid much greater disaster in 2008. Most economists agree that they will not be able to bail out the system in case of next major financial crises. Only IMF has a clear balance sheet and capable of bail out similar or greater then 2008. Most likely the US$ will plunge and in that case high inflation will keep assets at present or higher dollar value.
I never heard of this guy. From a Google search it looks like he started as a rich kid, then got lucky for a few years 40 years ago. After that it looks like he makes so many forecasts that once in a while he hits.
.. because he might be right someday and profit from his forecasts
