Parents 'Short Every Fixed-Income Instrument on the Planet' - Novogratz
Tweet
Share
E-mail
Get Alerts FIG Hot Sheet
Join SI Premium – FREE
Mike Novogratz of Fortress Investment Group (NYSE: FIG) has some investment advice for parents, "Short every fixed-income instrument on the planet, or at least the developed world." His comments came during an interview today with Erik Schatzker and Stephanie Ruhle of Bloomberg television.
"It is the Rip Van Winkle trade. Sell all your bonds, buy a lot of stocks, go to sleep," joked Schatzker. "We have central banks here and around the world that will try to inflate their way out of this debt mess, and they will. There is only one way out, and it is inflation."
Short 20+ Year Treasury Profile (NYSE: TBF) is one of the most liquid inverse bond funds, and tracks U.S. treasures.
"It is the Rip Van Winkle trade. Sell all your bonds, buy a lot of stocks, go to sleep," joked Schatzker. "We have central banks here and around the world that will try to inflate their way out of this debt mess, and they will. There is only one way out, and it is inflation."
Short 20+ Year Treasury Profile (NYSE: TBF) is one of the most liquid inverse bond funds, and tracks U.S. treasures.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Spotify earnings preview Q2: stronger print expected on user growth, price hikes
- Evercore says this stock could gain 45% if AI trade is back "in full force"
- This stock is a top lodging pick at Macquarie
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
