Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Chris Alman from CALSTERS

edited May 3 in Other Investing
Fascinating interview on Bloomberg today. Not sure I agree with him, but he certainly has strong opinions and not afraid to voice them.


- The Fed “better not stop at 3%” (with the discount rate). If they don’t soon raise it to 5% or higher “they’re not doing their job”.

- The surreptitious release of the SC draft opinion contributes to the polarization and disfunction of our politics. He fears the country is becoming “ungovernable”.

- He sees equities as way overvalued.

- Inflation is here to stay.

- Investors are ignoring the negative implications of the war in Europe.

- He’s not predicting “stagflation.” However, it it developed it would result in “nothing working” in terms of investments.

- He’s been moving more and more into assets that provide inflation protection. Likes countries rich in natural resources.

- The individual investor - even those in retirement - “still loves equities”.

- Intermediate term bonds may offer better value than the S&P.

- The 60/40 (stocks/bonds) portfolio is outdated / unpopular today. Has been largely replaced by the 70/30 and “even the 80/20” by most investors.

- He recently spoke to Howard Marks. Marks agrees that with careful selection, there is some value in HY.
Sign In or Register to comment.