Not exact matches
Since the
global financial crisis in 2008, rock -
bottom rates and a flood
of cheap capital have contributed significantly to the Asia - Pacific region's extraordinary multiple growth.
Even comparing Enbridge's total return to the S&P / TSX Composite Index since the
bottom of the 2008
global financial crisis shows the same sort
of outperformance:
A review
of the period that began with the
global financial crisis and the several years that followed shows the RAFI high - yield index produced approximately 7.8 % in value - add relative to the Merrill Lynch index between June 2007 and November 2008 (the peak
of the OAS spike), and only gave back 6.6 % in the form
of underperformance through April 2011, when OAS spreads next
bottomed.
Since the
bottom of the market during the
global financial crisis, the S&P 500 Total Return Index has returned 476 % cumulatively (March 9, 2009 through December 31, 2017).
I could go to my small town grocery and find a farmer who could give an explanation
of the Euro -
crisis or the implosion
of MF
Global because these sophisticated international
financial issues affect their
bottom line.