I want to show you a video that I wish I had done, but didn’t. It is a video of Frank Byrd CFA of Fielder Research & Management. He shows past history going back to the 70s and has a correlation to what is going on in our markets today.

Frank Byrd talks Inflation: Past, Present and Possible Future from Frank Byrd on Vimeo.

The video is only 30 minutes long, but it is worth watching until the end. At the end of the video Frank mentions shortages. You will recall a recent post I made titled Got Enough Bread?

He says that we will most likely have shortages in energy and agriculture. Does he have other predictions? Well let’s see . . . “Definitely don’t buy bonds.” And Byrd argues stocks are generally a losing proposition. Stocks dropped 40% between 1973 and 1974. The time to buy stocks was in 1975 after inflation expectations have changed. Byrd loves gold. If that sounds familiar, it’s because I wrote about the gold ETF in my last article, How Can I Make Money in the Market?. Talking about gold, he said, “If you’re bearish in gold, you’re bullish on fiat currencies. I don’t know anyone in his right mind who would take that trade.”

I liked the video because it backs up what I have been saying lately and it has a lot of graphs to show you what you need to be watching in today’s financial world.

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For Taking Early Retirement (TER), I hope you are enjoying a great retirement or are close to that day!

Jeremiah John

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