Oakmark's Abbas: Different causes of inflation require investor response
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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Adam Abbas, portfolio manager and the co-head of fixed income for the Oakmark Funds, says that investors are seeing -- and must react to -- different types of inflation, starting with the quantifiable shortages creating 'bottleneck inflation' that is transitory, then 'easy money inflation' created by central bank policies and unprecedented economic stimulus, and that investors will still find fixed income useful in these times for consistent returns and protection of capital, even if rates are not particularly attractive. Also on the show, Kyle Guske of New Constructs discusses some popular stocks -- all of which have been highlighted previously in 'The Danger Zone' -- that look even more precarious after reporting their most-recent quarterly earnings, author Erika Benson discusses 'Land Investing Mistakes,' and Chuck answers two questions from audience members.