If
financial repression continues, you want to own the least bad thing out there, which is equities.
And you shouldn't expect to see these market underpinnings removed — monetary stimulus will remain a stop - go exercise as every last wobble scares the central bankers, there's no real possibility the stimulus (to date) can ever be withdrawn, and ongoing
financial repression continues to force savers into equities (& other markets).
Not exact matches
Financial repression has
continued much longer than we thought possible, and this has, in our opinion, encouraged investors to overpay for income in every security type.
The definition of
Financial Repression:...
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Apartment buildings are the real estate equivalent of
Continue reading The Federal Reserve and Beer Goggles plus what
Financial Repression means for Apartment Building Investments
Putting all this together, looking at available income / risk alternatives, considering historic preference yields, and with some anticipation of
continued QE &
financial repression, I was pretty hopeful the current yield could eventually compress to around 8 %.