Actually, I would say corporate bonds (AAA & AA) of SECURE companies such as Microsoft, Miners, etc, etc will be fine if not a better overall investment. But like Prechter is saying, cash is a viable alternative because our purchasing power will continue to increase until deflation is over.
What a “secure company”?
General Motors.
Hahaha… I’m talking about things like Microsoft, Pfizer, J&J, Nucor, Agico-Eagle Mines, Potash, etc… stuff that MAKES stuff… not companies that are fads. I’d also attempt to stay out of any US company with lower than AA+ ratings (although those are a sham too). Stay close on Maturities as well.
AIG
Chrysler
Word Choice
Since no “investment advisor”, “money manager” , “economist”, Fed chairman, or anyone else can consistently and reliably predict future economic events or markets, shouldn’t you be using the word “speculate” rather than “invest”?
Bonds of government contractors are probably safe investments.
That bugs as well when people say that they invest in the stock market. An investment is an expenditure in capital that results in higher productivity. Buying stocks is not an investment, it’s just savings.
Not during hyperinflation.
“Investment” means something different in finance than it does in economics.