When the cost of money rises 4%, the US will be in big, big, trouble.
30 years ago, we could handle it. Today? No so much.
I have to believe that the economy will suffer and Congress will shift in 2022 and Trump will be re-elected in 2024 to clean up what will be a massive mess that not even the media will be able to cover up.
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So.... if inflation is in the cards what would I do different?
Hard assets will remain hard assets: metals, real estate
I think product related stocks will respond with price increases more quickly then service related stocks thereby retaining more of their value.
I’ll have to go back and look at the late 70s/early 80s to see which stocks performed better in relation to the overall market to be sure.
The best move might be a combination of TIPS and Real Estate where the loans on real estate are paid back with devalued cash.