Even Though Inflation Is Real, Here's Why One Investor Is Keeping Cash on the Sidelines
Inflation in the U.S. is the highest it's been in 13 years, according to the latest numbers for September. According to the Department of Labor, total inflation was 5.4% year over year. When excluding food and energy, inflation was still at an alarmingly high 4%.
In this video from Motley Fool Backstage Pass, recorded on Oct. 5, Motley Fool contributors Jason Hall and Jon Quast tackle the subject of inflation. Jon explains why he counterintuitively has a lot of money in cash at the moment, even though the current high rate of inflation would suggest the need to have that cash parked in appreciating assets instead.
Source Fool.com
