Real gross domestic product (GDP) increased by 2.0 percent year-on-year in the third quarter. Peter Berezin, chief global strategist at BCA Research, said that stagflation should now exist as a risk in the minds of investors, highlighting gold and real estate as hedging assets. cryptocoin.com As we examine the details…
Berezin: Bitcoin is risky, there are hedge assets besides gold
Berezin noted that the CPI index of durable goods generally has a decreasing area over time, and therefore it is not a sustainable source of inflation. “You need rapid wage growth for inflation to stay high and the labor market is definitely warming up,” he said. In order to protect against inflation, Berezin said that hard financial assets should be considered and used the following statements:
Bitcoin is a risky hedge against inflation. I think there are safer fences, not just gold. I think property, real estate in general, is a good hedging asset. If you think about which asset classes performed best in the 1970s, it was farmland. So go buy yourself a small farm and if you are worried about stagflation you can hedge that risk to some extent.
On monetary policy, Berezin said that among the major central banks, the US Federal Reserve is likely to raise interest rates first. “Among the largest central banks, the Fed will likely be the first to move on to raise interest rates late next year. “Even if the Fed does raise rates, it won’t do it very quickly,” he said.
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