In this issue of 'Quick Takes,' we observe continued soaring interest rates and their impact on the popular multi-decades-long asset allocation strategy known as the '60/40 portfolio'.
Welcome to Gratke Wealth, LLC eNewletters, where we focus on how to invest during the biggest financial asset bubble of the past one hundred years.
Note the chart below, value of U.S. Stock Market relative to U.S. GDP output. Hopefully, this graph leaves no doubt in the reader's mind about the biggest financial bubble in the past one hundred years.
"QE* was designed to punish responsible financial behavior."
* QE= Quantitative Easing, where central banks inject/print new money into the economy via low interest rates which distorts asset prices.