A good old hedge against inflation

If inflation is given and interest rates do not rise, expect negative real rates on long-term bonds. If inflation rises faster than the possible rate hike, expect negative real rates on long-term bonds.

If real rates on long-term bonds fall, expect a rise in inverse ETFs like this one. They have been one of Burry's bets to protect himself from the inflationary escalation that he foresees.

TMV

The latest report of the portfolio positions of Scion Asset Management was published last Monday, May 17, I recommend checking it out.