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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Archie Meeties who wrote (93163)	3/12/2004 11:34:13 AM
From: Perspective	Read Replies (1) \| Respond to of 209892

Guess it depends on your definition of "financial asset class". If you broaden your scope to include any asset, then there will certainly be some asset that deflates less than others. However, I think that traditional financial asset classes may all deflate in unison relative to the things you need to pay for to live, ie food, healthcare, taxes, energy. Sure, you could buy some energy futures, but it's pretty hard for the average investor to build a portfolio with lots of exposure to food pricing. And how the hell do you track increasing taxes or nursing salaries? The shift that's on is a return of pricing power to labor from corporations, and there's not a darned thing you can invest in that tracks it - 'cept picking up a shovel and making yourself "labor"... BC