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from the Rick Ackerman, Rick’s Picks
– this post authored by Doug Behnfield
[Forward from Rick: With the Fed's decision not to raise rates, investors are more likely to return their focus to the deflationary forces that have been pushing government bond prices higher, and yields lower, for decades. Look for this trend to continue and possibly even pick up steam in the months ahead, says our good friend Doug Behnfield in the guest commentary below. A Colorado-based financial adviser, Doug's unconventional and often provocative ideas have been featured here many times in the past. He believes, as we do, that odds of a rate hike are remote and that it might have to await the next recovery cycle, which could feature inflation brought on by protectionism. (What would happen if rates go negative, as now seems quite possible? Click here for a scary rumination on the subject at ZeroHedge.)]