The trade for the next 35 years? Short bonds long equitiesRupert Hargreaves
Short bonds? Deutsche Bank believes that we are heading for a new era of low growth and low inflation and falling productivity for the next three and half decades. This conclusion is drawn from the bank’s research which covers over a century’s worth of data and finds that the current economic cycle began in the early 1980s after several years of sluggish post-war growth. Rising productivity, globalisation and improving demographics all helped the global economy power ahead between the 1980s and today, but it looks as if these trends are starting to come to an end. Protectionist . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible