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Thanks for sharing.
"Don’t be afraid of cash (short-term bonds)"
+1 - until this weekend, 6-month T-bills were yielding >5%
"An outcome I did not think of."
Inflation becomes embedded despite contined Fed rate hikes & QT. Fed eventually admits 2% inflation target is not practical. Bonds sell off and interest rates soar.
Don’t shy away from your 50,000 word letters, they have great value and give the reader a deeper understanding. Although I can appreciate your efforts to accommodate those that don’t have the time or patience to read.
Thanks for sharing.
"Don’t be afraid of cash (short-term bonds)"
+1 - until this weekend, 6-month T-bills were yielding >5%
"An outcome I did not think of."
Inflation becomes embedded despite contined Fed rate hikes & QT. Fed eventually admits 2% inflation target is not practical. Bonds sell off and interest rates soar.
Don’t shy away from your 50,000 word letters, they have great value and give the reader a deeper understanding. Although I can appreciate your efforts to accommodate those that don’t have the time or patience to read.