Ten years later, prices are back near their peak (at
least in nominal terms, not adjusting for price inflation).
It will be harder to turn their backs to those receiving social insurance payments, at
least in nominal terms.
Not exact matches
By secular reflation, we mean at
least a decade
in which short - and long -
term interest rates stay habitually below
nominal GDP growth and high grade bonds are not really bonds any more: delivering trend returns that are close to zero or even negative.