Prediction evidence

Michael Howell says he'd rather own TIPS than stocks, and calls any dip in gold and Bitcoin a buying opportunity "The point is to come back to why the bond market in the US. And let me just draw that distinction, because there are other markets where you are getting, you know, negative effects from too much debt. And I think Japan is one of those. France is clearly another." "In the case of the US, it's pretty clear that it's a strong economy and it's not really the debt outlook that's really affecting the bond market yet. That may be to come, but it's not right now." "Term premia in the US have been either flat or falling, which is a pretty good indication that debt is not really a worry to investors. It's a strong economy that is. It's basically rate expectations that are really pushing yields higher." "That in a way is self-curing because the more that yields rise, the more that is going to weigh on the economy. You're likely to see some sort of adjustment." "I would say on a 12-month view, bond markets look pretty attractive to me, particularly the TIPS market. You could be getting some not bad gains. I'd much rather be there than in stocks." "Go back to the gold and Bitcoin point. I think those are long term asset holds in a portfolio. If they do come down, which they're likely to if the monetary environment gets squeezed more, it's a buying opportunity, not a selling opportunity."