"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." -
@piggybackHow 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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