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Investment strategy in stagflation period
Investment strategy in stagflation period: commodities, short-term bonds and cash are the best combination in stagflation period; Followed by stocks such as public utilities and medicines with low demand elasticity; Once again, it is part of the industrial stock; Finally, financial, real estate and non-essential consumer stocks.

1. In the long run, the output of goods and services is still at a low level for a period of time, but with the adjustment of wages, prices and feelings according to higher production costs, the recession will eventually disappear. For example, low output and low employment will increase the pressure to reduce workers' wages, and low wages will increase supply. With the passage of time, when the short-term aggregate supply curve moves back to its original position, the price level drops, the output approaches its natural rate, and the economy returns to the position where aggregate demand curve intersects with the long-term aggregate supply curve. This process is also a self-correction of the economy.

2. Being heavily in debt, at the same time, buying a lot of fixed assets and energy, mineral resources, basic agricultural products, etc. In the case of inflation, the currency will depreciate and the debt will depreciate. The debt of 654.38+00,000 yuan will still be 654.38+00,000 yuan a year later, but the debt of 654.38+00,000 yuan a year later has depreciated compared with the current debt of 654.38+00,000 yuan. Enterprises can obtain debts through bank loans, deferred payment to suppliers, collection of dealers' deposits, deferred payment of workers' wages, etc. Individuals can obtain debts through bank loans, borrowing from private individuals or units, and defaulting on payables. Cash obtained through debt must be used to buy fixed assets or commodities that can preserve and increase value, such as energy, mineral resources and basic agricultural products. Holding a large amount of cash in hand will suffer depreciation losses. Regardless of inflation, stagflation, atrophy or even depression, the only thing to consider is which industry the money will go to. It may be easier in China, as long as you study the documents well. Compared with the 13th Five-Year Plan, the 14th Five-Year Plan is obviously different. Pick them out. Check whether there are listed companies, what is the valuation, and those who have not been fired. The term is five years, and investment will do.