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Why are US shares performing so well when the economy isn't?
BLUF:[Spectater - America] I am hugely bearish on the economic impact of the pandemic, but I am still adding to my pension every month and it is 80 percent invested in global equities. Why? Because the alternatives are terrible. Currently the 10-year gilt yield gives me just 0.2 percent interest a year, below inflation. I lose the purchasing power of my money by buying UK government debt. It’s not a great bull argument for shares, but where else do I put my cash? Emphasis added. Posted by: Besoeker 2020-05-23 |
| http://www.rantburg.com/poparticle.php?ID=572317 |