Inflation returns to 13-year high, stocks overdue for 'fairly significant drawdown' - Ted Oakley
Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday.
Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices.
“We think you have to have a mix of agriculture, food, energy, anything that is tied to making hard things. Real estate is a good hedge too. Unfortunately, it’s starting off with a really high level, so you can’t price it from a cash flow standpoint,” he said.
For more information on inflation hedges, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).