
Greetings fellow investors!
Here’s a link to my latest podcast interview with Michael Yardney’s Property Insights.
https://www.youtube.com/watch?v=4yG3H23xAnY
Key points:
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- Timing is EVERYTHING - Why the next 20-30 years will be very different from the last 20-30 years
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- Boomers got lucky – favourable TAILWINDS produced unusually HIGH returns from all asset classes in the great disinflation era. But those tailwinds have now all turned into HEADWINDS facing today’s investors
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- How and why inflation works in 20-30 year cycles
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- How inflation affects returns on different asset classes
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- Three big LESSONS I learned about inflation cycles
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- My three big ‘Aha! Moments’ on how to invest through different inflation cycles
Here are the main topics with time-stamps:
0:00 – Intro by Michael Yardney
4:00 – Intro by Ashley Owen
5:20 – Why we need to look at long-term trends and cycles, not just extrapolate the last 10 years
7:50 – 150 years of inflation trends and cycles
8:50 – 1st big lesson: inflation cycles are global, with only minor differences in each country
10:50 –2nd big lesson: overall inflation trend is UP – why?
12:50 – But will this upward trend continue in the future?
16:30 – 3rd big lesson – what is the common element that drives most inflation spikes?
18:00 – Timing is EVERYTHING - Why the next 20-30 years will be very different from the last 20-30 years?
21:00 – Boomers got lucky – favourable TAILWINDS produced unusually HIGH returns from all asset classes in the great disinflation era – But those tailwinds have now all turned into HEADWINDS facing today’s investors
26:40 – Will ‘ai’ drive down inflation?
29:20 – What does the new higher inflation environment mean for investors?
20:40 – Impact of inflation on share returns
32:15 – Returns on other asset classes in different inflation environments
34:30 – Aha! Moment #1: All asset classes do much better with low inflation, and all do much worse with high inflation
37:00 – Aha! Moment #2: ranking of returns is similar in all inflation environments
37:30 – Aha! Moment #3: Aust housing is the exception – moderately good real returns in high and low inflation environments
42:00 – My advice to 20-something year old investors starting out today
43:45 – Summary & wrap-up by Michael Yardney
The podcast interview was based on some recent articles of mine -
· Inflation BIG Picture: Boomers got rich by lucky timing. Next Gen to get higher inflation & rates (25-May-2026)
· Inflation Cycles & the Australian share market – the Big picture (10 Feb 2025)
· Inflation Cycles & the US share market – same as Australia, with differences explained – (16 Feb 2025)
· The Low Inflation era of great returns is over. Investing just got a whole lot harder! (16 Apr 2024)
For my prior podcast interview with Michael Yardney - https://www.owenanalytics.com.au/2026aug04-yardney1
For more of Michael Yardneys’ podcasts covering a wide range of topics for investors - https://propertyupdate.com.au/category/michael-yardney-podcast/
‘Till next time – happy investing and stay healthy!