How can the FireCalc historical run be used to model the "new normal" for yield, growth and dividends?
Perhaps starting the run at the beginning of all of the (5 to 10) year periods that actually did have such low results?
As an example of how the New Normal could be quantified, PIMCO says:
Sept 28
Investment returns will drop, says Pimco's Gross - MarketWatch
Investors are "faced with 2.5% yielding bonds and stocks staring straight into new normal real growth rates of 2% or less. "The most likely consequence...will be a declining dollar and a lower standard of living."
SNIP
...high government deficits and ultimately, inflation,
Perhaps starting the run at the beginning of all of the (5 to 10) year periods that actually did have such low results?
As an example of how the New Normal could be quantified, PIMCO says:
Sept 28
Investment returns will drop, says Pimco's Gross - MarketWatch
Investors are "faced with 2.5% yielding bonds and stocks staring straight into new normal real growth rates of 2% or less. "The most likely consequence...will be a declining dollar and a lower standard of living."
SNIP
...high government deficits and ultimately, inflation,
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