At least for the intermediate term, he says, investors will very likely have to accept low returns on fixed - income
assets by historical standards.
Not exact matches
The reason comes back to yield: Although current yields are low
by historical standards, they look more compelling in the context of an ever shrinking pool of high yielding
assets.
In the event that inflation does materialize, stocks, hard
assets, and resource
assets tend to be favorable investments
by historical standards.
Lending rates and fixed - income rates of return will still be very low
by historical standards, inducing continued levered purchases of real estate
assets.