Ed_The_Gypsy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Once bullish, contrarian Jim Grant likes cash now - Yahoo! Finance
The famous curmudgeon, Jim Grant, now thinks that EVERYTHING is overvalued, blaming the Fed. He expects 10% inflation soon, but earnings will remain the same, reducing yield.
If he is right, I think that the implication is that one should pay off all debts and buy what one wants now and keep everything in cash. Another implication is to keep working longer.
What do you think?
Ed
The famous curmudgeon, Jim Grant, now thinks that EVERYTHING is overvalued, blaming the Fed. He expects 10% inflation soon, but earnings will remain the same, reducing yield.
If he is right, I think that the implication is that one should pay off all debts and buy what one wants now and keep everything in cash. Another implication is to keep working longer.
What do you think?
Ed