Wednesday, January 4, 2023

So far so good with our real estate...............

      The plunging markets are the result of a decades-old macroeconomic regime falling apart.  High inflation, not seen in the rich world since the 1980s, is back, which in turn has brought to an end ten years of near-zero interest rates.  As a result, the rule book of investing is being rewritten.  Protecting portfolios from inflation, once a peripheral concern, is now a prime consideration.  Rising government-bond yields, meanwhile, make riskier assets less desirable.

-The Economist, from this Briefing

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