Investing in equities when the ratio is high has increased investment risk and provided lower long term rates of return than passive strategies. (arborinvestmentplanner.com)
Evidence supports investing in equities, when the ratio is low, has lowered investment risk and provided higher long term rates of return than passive strategies. (arborinvestmentplanner.com)
Hence they are trying to mitigate the future risks by keeping long term rates high. (canadianmortgageadvisor.ca)