It’s a very different calculus when nominal bonds are paying 5% and TIPS are paying 2.6% above inflation.
The nowhere to go but the stocks holds more water when the ten year was paying 0.55%.
2.6% above CPI. Investor calculus should include a consideration of how CPI is set vs what their actual personal rate of inflation will be.
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It’s a very different calculus when nominal bonds are paying 5% and TIPS are paying 2.6% above inflation.
The nowhere to go but the stocks holds more water when the ten year was paying 0.55%.