Should CRE Plan for Permanently High Inflation?, Aug. 23, 2022–Eric Sherman
If you think high inflation is a temporary thing and the world will be back to pre-pandemic normal, you’re at odds with some of the world biggest bond investors. They figure the Fed’s goal of 2% inflation is largely a pipe dream, which is why they’ve loaded up on inflation-protected bonds, exposure to commodities and keeping plenty of cash—yes, cash—on hand.