Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

2 posts found for October 2021

‘Drowning in a Bubble Bath’

Financial markets today face the risk of drowning in a bubble bath of stagflation, with wealth – in the form of asset prices – rather than wages, the financial patsy. After over a decade of boom in long duration equities and bonds, investors risk having no hedge for a 1970s redux.

‘From the Roaring 20’s to 70’s Stagflation Redux’

So much for the “Roaring ‘20’s”. We now have a “stagflation” situation, whereby “inflation” and “stagnation” previously thought to be mutually exclusive are now concurrently prevalent. The global economy faces a series of worsening supply shocks – still widely underestimated and predicted to be “transitory” - for which financial markets are ill prepared and central banks impotent to resolve. Are the 40-year rates and 13-year growth-stock bull markets now over, usurped by a 1970s redux?