My impression remains that the U.S. is still in the “incubation phase” of an economic and financial downturn that is likely to be far more disruptive than we’ve observed to-date. Meanwhile, our estimate of prospective 12-year returns on a conventional passive investment mix again matches the most negative levels in U.S. history.
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Fundamentally Unsound
My impression remains that the U.S. is still in the “incubation phase” of an economic and financial downturn that is likely to be far more disruptive than we’ve observed to-date. Meanwhile, our estimate of prospective 12-year returns on a conventional passive investment mix again matches the most negative levels in U.S. history.