Robert Tipp
speaker
51 appearances
1 recordings
1 series
first heard Jun 2019
last heard Jun 2019
Robert Tipp’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
In other words, if they're running a policy that's causing a persistent inflation undershoot, then that could be costing the economy and go some part of the way towards explaining why this is one of the slowest expansions on the post-war record.
Again, in terms of the big picture and in terms of looking at strategy, I think what you're saying resonates with people, that interest rates are low and they should have an imbalanced investment approach that emphasizes cash and stocks.
In my mind,
They're ignoring certainly the history of this century, which is that if there is a crash or an unexpected drop in the markets or the economy, and it could be for economic reasons or it could be for policy reasons or just simply some kind of market vicious cycle, if there's a crash in the market and the economy that hurts stocks, you will probably see interest rates go down and bonds benefit.
I think that this is a good environment for equities.
They're not excessively priced, and I think they should be benefiting from what's really a drop in the equilibrium level of interest rates.
A drop in the equilibrium level of interest rates should boost the present value of all future cash flows, including equity earnings and dividends.
So I think it is a good environment for equities and people should be involved there.
But I think they should probably be balancing that with fixed income, which I think is going to outperform cash over the long run.
There are opportunities in the bond market, given the confusion about the level of interest rates and the direction of the economy.
And that kind of staying with the long-term strategic mix of stocks and bonds is going to be the best approach for investors in this environment as it has been and typically is.
Showing 41–51 of 51 · page 3 of 3
← Previous