Titlebook: Applied Financial Macroeconomics and Investment Strategy; A Practitioner’s Gui Robert T McGee Book 2015 Robert T. McGee 2015 asset allocati

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https://doi.org/10.1007/978-3-642-14151-5Since deflation has been rare and inflation prevalent in the new world of fiat money since World War II, commodities and other tangible assets, like real estate and collectibles, have become important asset classes for a broadly diversified portfolio.

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Bonds and Credit,s stream, the more sensitive its price is to interest-rate changes. Credit risk premia refer to the extra interest rate that lower-quality credits have to pay above the “risk-free rate” to borrow in the markets. In good times, these premia tend to be much lower than in crises.

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Commodities and Tangible Assets,Since deflation has been rare and inflation prevalent in the new world of fiat money since World War II, commodities and other tangible assets, like real estate and collectibles, have become important asset classes for a broadly diversified portfolio.

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https://doi.org/10.1007/978-3-663-07913-2ert that a completely hands-off response that allowed the panic to subside on its own would have rendered a better outcome. It’s the difference between putting out a house fire and letting the neighborhood burn down. Anyone who understands what happened in the early 1930s could clearly see that.