Centrally governed command economy doesn’t work and the modern day command economy is central banks, says Tim Price, Director at PFP Wealth Management, while explaining why we are very close to reaching tipping point of interest rate cycle and central bank mess.
When quipped where and how one can make returns, Price says there are pockets of value around the world and half of them are in Asia. He adds further that any portfolio needs to hedge against both inflation and deflation. Price is joined by Tip TV's Zak Mir and Mike Ingram, Strategist at BGC Partners.