The so-called “smart money” is utterly confused by the current market environment. As the Fed has “printed money” investors were convinced that hyperinflation would soon follow, however, the inflation trade has collapsed in 2010 as deflation fears return. Gregory Zuckerman of the Wall Street Journal discusses why the current market environment is so confusing and what some of the smartest investors are doing to prepare for a potential fight with deflation:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.