phat cat

Lessons from Benjamin Graham, Part 1

This may be the case during the last depression, but what happens if hyperinflation kicks in along with the economic depression this time? investing in bonds and preferred will equally destroy wealth. I'd think investing in actual productive assets, such as commercial or some residential real estate, would be the best hedge against depression and the impending hyperinflation.

btw, I am a believer that the current monetary and fiscal policies will inevitably cause hyperinflation, it's just a matter of time.