seriously - put 1% of your NW strong short on capital, to hedge the cost of everything else as a function of capital if nothing else
-
-
-
How do you put money strong short on capital?
-
similar - long on anything with relatively predictable value and set supply (some commodities) b/c priced inversely to capital
-
E.g. farmland?
-
to an extent. Same logic as when capital markets are risky investors flock to real estate and gold.
End of conversation
New conversation -
-
-
and are a big contributor to Bay Area housing prices
-
At first I read this as "
@paulg and I are..."
End of conversation
New conversation -
-
-
in what? And how? Borrowing to invest in the market?
-
I'm mainly worried about avoiding disaster, not making money.
End of conversation
New conversation -
-
-
Keynes predicted that capitalism's success would lead to capital no longer being scarce. Perhaps this is happening? Not sure either.
-
He called it "euthanasia of the rentier" back then - if capital quits being scarce, interest rates have to drop.
End of conversation
New conversation -
-
-
was literally just thinking the same thing
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
something will have to budge. I think new tech will create a large productivity increase which will ignite change.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
But Paul, it was the high rate regime in the 2H of 20thC than was anomalous. Slow growth and low rates are historical norm.
-
the excessive intervention by the gov proved worse than otherwise (Volker/Regan) couldn't help stagflation.
- 1 more reply
New conversation -
-
-
James Grant's books and newsletters are worth a look: http://www.grantspub.com
@GrantsPubThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.