"Western central banks' decade of aggressive money printing created strong asset price inflation. Add handout checks and tax relief (fiscal stimulus) and supply issues in the recent pandemic. Inflation has now found its way into real economy prices and wages. With a recession long overdue, Western economies now face threats of stagflation." - @piggyback
How about (1) low-multiple stocks? In (2) trading and financing centers for (3) commodities, (4) goods, and (5) infrastructure? Not a bad combination for trying to keep up with stagflation.
In this week’s first PiggyBack Letter (PBL)Buffett's Inflation Bet With The House(s) we piggyback Warren Buffett’s insurance conglomerate, Berkshire Hathaway. From Berkshire’s Omaha, Nebraska across the Pacific. We study Japanese trading houses, a niche industry theme still in play.
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