Did All the Usual Inflation Hedges Fail Including TIPS Bonds? | What Goes into the Unemployment Numbers?
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Show Notes
This week Derek Moore tries to answer the question of why things like TIPS Bonds (Treasury Inflation Protected Securities) down YTD are even though inflation is up. Plus, golds response to inflation. Finally, can we have a recession with low unemployment plus why Bitcoin thus far has not been an inflation hedge despite claims otherwise.
Why TIPS bonds (Treasury Inflation Protected Securities) were down YTD even though inflation was up
Duration risk and interest rate risk for bonds
TIPS bonds had negative yield to maturities earlier in the year
What about gold as an inflation hedge this year?
Bitcoin has proven not to be a good inflation hedge in its first test
Bitcoin has traded more like a risk-on asset
What questions to BLS surveys use to determine if you are employed or unemployed
What is the labor force participation rate?
Can we have a recession with low unemployment?
Mentioned in this Episode:
Contact Derek Moore [email protected]
ZEGA Financial www.zegafinancial.com
BLS Unemployment – How They come up with unemployment number https://www.bls.gov/cps/cps_htgm.pdf
Marcel Benjamin explains in detail how TIPS bonds work https://podcasts.apple.com/us/podcast/tips-inflation-protected-bonds-explained-interest-rate/id1432836154?i=1000535445537
Marcel Benjamin's deep dive on High Yield Bonds plus what are Zombie companies https://brokenpiechart.libsyn.com/marcel-benjamin-high-yield-bonds-explained-what-are-zombie-companies