Peter Boockvar: Inflation's Moment of Truth
In the latest edition of Investment Ideas, Real Vision managing editor Ed Harrison welcomes back Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, to expand on his inflationary thesis and share the investment opportunities he sees on the horizon. Boockvar argues that increases in prices for core goods as well as a red-hot housing market could threaten an inflation that is less transitory than many market participants are expecting. He and Harrison discuss how the Federal Reserve might respond if inflation proves to be more lasting than consumers—not to mention holders of U.S. Treasury securities—can handle. Filmed on May 27, 2021.
Key learnings: Boockvar argues that the market is underweighting the possibility that elevated levels of inflation will be persistent, rather than transitory.