Taps Coogan – February 21st, 2022
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Hoisington Investment Management’s Dr. Lacy Hunt, is one of the most respected ‘deflationists’ and treasury bulls actively managing money today and has been correctly calling the trend of falling long term treasury rates in the US for decades.
Despite the spike in inflation over the past year, Dr. Hunt has been consistently calling for long term yields to eventually break lower, not higher, as over indebtedness and slowing demographics overwhelm the inflation we are currently experiencing and push growth and benchmark rates down.
His talk, which is full of charts, doesn’t lend itself to excerpts, so enjoy the full talk below.
In the long term, I believe that Dr. Hunt is probably correct. However, as the past year highlights, the path is long and, unless your investment time horizon is exceptionally long, likely to be nearly as important as the destination.
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