Detail I Wouldn't Start From Here; Asset Returns   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8755 (Oct. 2011), page 67-68. Topik: Investment Policy; Yield; Inflation; Economic Conditions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel It is better to travel hopefully than to arrive. For investors, the hopeful journey started in the 1980s as inflation came under control around the world. Yields came down, prices went up, a simple "buy and hold" strategy could often provide decent returns. Even boring old Treasury bonds returned 9.1% annually between 1982 and 2007, according to a Deutsche Bank study of long-term returns. At the end of such a journey, though, yields must reach a point where they can fall little if any further. And that explains much of the sorry pass at which investors have now arrived. Almost every asset class seems to be fraught with danger. Equities have suffered two bear markets in just over a decade and remain vulnerable to a rich-world recession; government bonds offer little protection against a resurgence of inflation; commodities are volatile and hostage to a possible drop in Chinese demand; property is still suffering from indigestion after the past decade's boom. Those worried about inflation and looking for a hedge may be more interested in real assets (property or commodities) than in paper ones. The problem with gold, and other commodities, is that with no yield or earnings they are hard to value. Renewed growth would obviously be best, and would favour equities, but at the moment looks difficult to pull off. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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