There are facts, informed extrapolations from analogies to other viruses, and with so much unknowns, most comments are just opinion or pure speculation
A decade ago, the prevailing investment view was that the world had reached Peak Oil, and oil companies were widely recommended as a core long-term allocation.
Ben Bernake, former Chairman of the Federal Reserve, earned the nickname ‘Helicopter Ben’ when he suggested in 2002 that helicopter money could always be used to stave off deflation.
THE BEST INVESTMENT ADVICE I EVER RECEIVED WAS: “THE DEGREE OF UNPROFITABLE ANXIETY IN AN INVESTOR’S LIFE CORRESPONDS DIRECTLY TO THE AMOUNT OF TIME SPENT DWELLING ON HOW AN INVESTMENT SHOULD BE ACTING, RATHER THAN HOW IT ACTUALLY IS ACTING.”
THE LAST TIME A BOND BEAR MARKET WAS GETTING STARTED, I WAS STILL IN DIAPERS. IT WOULD BE DIFFICULT TO FIND ANY INVESTOR WHO LIVED THROUGH AND VIVIDLY REMEMBERS THE IMPACT OF LOSING MONEY YEAR AFTER YEAR IN BONDS, BUT…
AS WE GET OLDER AND INCH CLOSER TO OUR RETIREMENT AGE, WE INTUITIVELY UNDERSTAND THAT WE ARE SUPPOSED TO TAKE LESS RISK IN OUR INVESTMENTS, SHIFTING THE FOCUS FROM CAPITAL GAINS…
AT THE BEGINNING OF EVERY YEAR IT’S A USEFUL EXERCISE TO GATHER THE MARKET CONSENSUS OF CHIEF ECONOMISTS AND CHIEF INVESTMENT OFFICERS, IN ORDER TO ASSESS WHERE YOUR OWN MARKET POSITIONING STANDS AGAINST THE PREVAILING VIEW
10-YEAR SPANISH BONDS YIELDS JUST HIT A YIELD OF 2.17% P.A. AS I WRITE THIS. THIS IS THE LOWEST BORROWING COSTS THE COUNTRY HAS EXPERIENCED IN THE LAST 200 YEARS, WHEN EUROPE WAS LED BY MONARCHIES AND NAPOLEON WAS PLOTTING HIS CONQUEST OF SPAIN