Just to make sure I understand --- REITs and Energy would potentially do ok in this type of inflationary/high rate environment because the good ones have reasonable amounts of long duration fixed rate debt, while the value of their assets and the prices they can charge (rent or oil/gas prices) would rise with inflation. Obviously, this doesn't work for every REIT or Energy stock, only the ones which have strong balance sheets. Is that basicallly right?
That is exactly my view. Not that all would be smooth, economically. There can be a lag, for example before market prices respond to changes in construction costs.
I'm Paul, I'm interested in the Priorat wine... I live in France and never heard about these fine wines from Catalonia (I have fond memories of Sitges and Barcelona a few years back).
Yes there are great stories about the push to improve viticulture in the Priorat and to push toward only the second DOQ classification in Spain after Rioja. I have enjoyed the Black Slate, along with much else imported to the US by Eric Solomon.
Just to make sure I understand --- REITs and Energy would potentially do ok in this type of inflationary/high rate environment because the good ones have reasonable amounts of long duration fixed rate debt, while the value of their assets and the prices they can charge (rent or oil/gas prices) would rise with inflation. Obviously, this doesn't work for every REIT or Energy stock, only the ones which have strong balance sheets. Is that basicallly right?
That is exactly my view. Not that all would be smooth, economically. There can be a lag, for example before market prices respond to changes in construction costs.
I'm Paul, I'm interested in the Priorat wine... I live in France and never heard about these fine wines from Catalonia (I have fond memories of Sitges and Barcelona a few years back).
Priorat has both an amazing history and Incredible wines.
I'm a big fan of their traditional style, clos magador and partners.
Yes there are great stories about the push to improve viticulture in the Priorat and to push toward only the second DOQ classification in Spain after Rioja. I have enjoyed the Black Slate, along with much else imported to the US by Eric Solomon.
Some history:
https://www.europeancellars.com/priorat-the-black-slate-project/