Inflation and the Dollar in a Passive Investing Bubble
Vikram Mansharamani, lecturer at Harvard and founder of Kelan Advisors, returns to Real Vision to update viewers on his arguments about interest rates and inflation and how changes in these phenomena would impact asset prices. Mansharamani argues that high savings rates and ballooning central bank balance sheets remain very supportive for asset prices, including Bitcoin and gold. He is constructive on U.S. Treasurys since the sovereign bond markets of most other developed nations offer much lower yields. Filmed on June 7, 2021.
Key learnings: Mansharamani thinks inflationary pressures will prove to be transitory over a 3-5 year time horizon. He thinks active investing strategies will outperform passive, and he weighs the possibility that rising inequality could augur serious change for our economic system as we know it.