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Time for Income: Time for Bonds?

Marc Courteray's disclaimer at the end -- "Please Note: This article is to inform your thinking, not lead it" -- is always refreshing since the reader ends up where he/she was before reading the piece -- aware that she/he must weigh all arguments and make his/her own decision on the inflation/deflation issue. To be sure, looking ahead, relative inflation would be conducive for a better investment climate then would a persistent deflationary environment. I add a thought to consider. My reading of Seeking Alpha comments over past couple of months suggests that the majority of investors inflation will win and is not too far off. With a bias for contrarianism, this makes me more receptive to the Japanese experience argument meaning deflationary pressures will persist for at least a decade during which making money in equities or bonds for non-trading investors will be extremely limited, especially those holding 401 and the like retirement plans.

Regardless, Mr. Courtenary's assertion: "Only you can decide the best place for your money" is the only sure thing, understanding that you may be wrong. Investing is a chess game.