Inflating Clarification on Inflation
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 29 July 2022
⏱️ 37 minutes
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Summary
I really did mean to write this entire piece last week but simply ran out of time and space. I will give you a recap today of last week’s takeaways but then make sure this week’s wraps a bow around our updated point of view on inflation.
This is not merely a philosophical exercise. There is an abundance of empirical support provided for my position, and I think you will find a lot of the information about the present state of affairs surprising. You may draw a different conclusion on the matter than I do, but my conclusions on what this means for the decade ahead have profound implications for citizens and investors alike. Again, this can’t be armchair stuff for a real asset allocator; this is what we call fiduciary responsibility.
So grab a cup of coffee and get comfortable. This is one of those truly Dividend Cafe editions. Jump on in…
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.6 | Well, hello, and welcome to another Dividing Cafe, one that I've actually been very excited about all week back here in Newport Beach, |
| 0:21.8 | in our studio after a lot of back and forth in different places and especially out in New York |
| 0:29.1 | over the summer. |
| 0:30.7 | But back here at Home Base right now to do part two of what we talked about last week |
| 0:36.8 | regarding this whole subject of inflation, |
| 0:40.3 | deflation, where we've been, where I see us now, and where I think we're going, and just |
| 0:47.5 | kind of that review of what my take is on all these subjects. |
| 0:50.5 | I got a lot of feedback from last week's part one and I very much want to kind of finish |
| 0:56.2 | this thought today. The written Dividend Cafe is a long one and I cannot tell you enough how much |
| 1:03.7 | I hope you will read it as opposed to only listen to the podcast or watching the video, but |
| 1:08.6 | nevertheless we're going to try to cover everything right now that we do in the written version. So let me do something I don't normally do. I'm |
| 1:16.9 | going to actually use the written divvy cafe because I want to walk through a few particular |
| 1:20.9 | things that are listed out and first just review what we covered last week. |
| 1:28.7 | My views on inflation, as we've been in obviously a very high period of price increases |
| 1:36.9 | for about a year and a half now, my views are the same now as they were before and during the inflation moment. And as I said last |
| 1:47.9 | week, if I believed I had gotten this wrong, there would be no hesitation on my part whatsoever to |
| 1:53.6 | admit so. The reason I'm not apologizing for being wrong is I don't believe we are wrong. |
| 1:59.3 | If I believed we were wrong, it would be easy to apologize because we get things wrong all the time and we acknowledge it, |
| 2:05.3 | move on and so forth. In this particular case, it's more important to me to give the right |
| 2:09.7 | nuance as to what we are talking about. That there's been massive inflation over the last 18 |
| 2:14.7 | months is undebatable. What exactly has caused it is debatable, but it isn't |
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