adan

Bill Gross: Understated Inflation Means Commodities, Emerging Markets Should Outperform

disclosure: lg % of my 401 in pimco tip fund

i don't doubt bill's read on inflation, and especially agree with his call to join him "...in lobbying for change in U.S. leadership, the attitude of its citizenry..." ; but -

will he do the same if / when deflation is what takes hold?

absolute returns is what bill advocates (i think), so my guess is...yes

so i'll hold my tips for now, because, as bill says, "Investment success depends on an ability to anticipate the herd, ride with it for a substantial period of time, and then begin to reorient portfolios for a changing world."

and the pattern for many hundred yrs seems to be to inflate, then deflate

even thomas jefferson, in the late 1700's, said:

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

found on: sonic.net/sentinel/nai...

maybe bill's saying he's willing and able to help us around that scenario; i hope so :-)