Excerpt from the article:
With the specter of a recession on the horizon, Harnisch prefers companies whose revenues and profits will continue to increase regardless of how bad the economy goes. Businesses that offer that kind of resilience, he says, are those that tap into the ever rising demand for things like high-speed internet and clean energy — areas where the government also plans to spend billions of dollars to promote growth.
Hedge fund manager suggests investing in companies that receive robust government subsidies. Thoughts? Seems like people/firms with the greatest influence on stock prices remember the 2008 bailouts and expect something similar to happen again — also recall that Tesla and SpaceX built a ton of equity thanks in part to government subsidies in the hundreds of millions of dollars.
Leave a Reply