2016: The Halftime Report – Purchasing Power & The Case For Active Management

2016: The Halftime Report - Purchasing Power & The Case For Active Management by TheLongShortTrader

“On one point only were economists agreed. Without exception those consulted say: ‘There is no sure hedge against inflation.’ ” – Hedging Against Inflation

2016’s midpoint is fast approaching. The following has occupied my mind for the first half :

Inflation, Deflation, And Purchasing Power

The “Inflation” vs “Deflation” trade(s) – January 1 through early February of this year was (largely) defined by the “deflation” trade(s)…indeed, if you examine the hedge fund performance figures through early February, you see that the best performing funds had high exposure to “deflation” trade(s). Since mid-February, the “inflation” trade(s) have been where...