Equities in stagflation
-------The 1970s stands as the period of reference for macro-economic stagflation, in the US and in the UK. The decade started by a recession induced by an oil price shock and a bear market, and beyond the bear market rally late 1974, equities offered poor absolute returns during the rest of the decade, particularly in real terms. During this time period, US equities averaged a total return of 0.1% annualised, in real terms (9% in nominal terms).---------------
Moram priznati da se i ovoga bojim.
