Asset Class, Bonds, Central banks, Federal Reserve, Fiscal policy, Fixed Income, Free Markets, Government, Technocracy, Uncategorized, US Treasury, USA
The Rhyme of History
While stocks have generally tended to offer better returns than Treasuries, it has not all been plain sailing for equity investors. Intriguingly, the last 50 years' ups and downs share more than a few similarities with the first half of the last century. Could that uncanny resemblance continue to hold henceforward?