Via the AFR:
Evidence is growing that global inflation is finally picking up, and Bank of America Merrill Lynch says investors need to “get real” and buy into tangible assets while rotating out of expensive stocks and bonds.
The investment bank’s US-based chief investment strategist Michael Harnett said the relative price of real assets, which includes real estate and commodities against financial assets, namely stocks and bonds, is at its lowest since 1926.
