Introduction - focus on cash
Every once in a while, strange things happen.
Namely, none of the three major asset classes I've been investing in for years, and writing about on the Internet since 2008, may be well-positioned for total returns over the months and 1-2 years ahead. These classes are gold, bonds (mostly Treasuries) and of course US equities.
Instead, the usually forgotten fourth major asset class, cash, may finally be a wise asset.
I've been tracking toward the case for cash since last year. Last year I moved away from stocks, then a few months ago began expressing a lot of caution on bonds for the first time in years.
An August 15 article compared the passion for cash in the 1979-82 period to now (one wanted duration more than cash after the famous Volcker tightenings):
It may be that in an appropriate time frame, one that cannot