What’s a fair price to pay for an asset that has historically increased around 0.2% per annum in real terms? A lot less than it’ll cost you to buy a house, for a start.
The Investor
The economy grew at a cracking 0.8% in the last quarter. When will the doomsters pick up their ball and go home?
Think the stock market will stay above zero? Then modify the homemade GEB we discussed previously to get more return at hopefully not much more risk.
Some more politically incorrect ranting from yours truly – better out than in, eh? Plus some great reads.