Parents 'Short Every Fixed-Income Instrument on the Planet' - Novogratz

Mike Novogratz of Fortress Investment Group (NYSE: FIG) has some investment advice for parents, "Short every fixed-income instrument on the planet, or at least the developed world." His comments came during an interview today with Erik Schatzker and Stephanie Ruhle of Bloomberg television.

"It is the Rip Van Winkle trade. Sell all your bonds, buy a lot of stocks, go to sleep," joked Schatzker. "We have central banks here and around the world that will try to inflate their way out of this debt mess, and they will. There is only one way out, and it is inflation."

Short 20+ Year Treasury Profile (NYSE: TBF) is one of the most liquid inverse bond funds, and tracks U.S. treasures.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Bernstein sees positive risk-reward for this networking stock into CMD day
• Delta Air Lines Q3 earnings preview: stronger print expected, fuel impact in focus
• Buy this consumer stock amid 'muted valuation,' analyst says