To put it another way, total returns for stocks over the past
two decades are irrelevant in considering the merits of stocks for
the next two decades.
Now that we are at a level of inflation that is hovering around
2 percent and staying there is the goal of economic policy, there is
a smaller chance for an extra boost to asset valuations and aboveaverage
profits for investors.
two decades are irrelevant in considering the merits of stocks for
the next two decades.
Now that we are at a level of inflation that is hovering around
2 percent and staying there is the goal of economic policy, there is
a smaller chance for an extra boost to asset valuations and aboveaverage
profits for investors.
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