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Historically, stocks have been regarded as a decent inflation hedge -- at least relative to bonds and cash -- because stock returns have outpaced inflation for most of the past century.
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In the current environment of decent growth, low inflation, and pro-business policies, Tepper added, investors "can't be short".
For the first few years, the eurozone went well, with decent growth and inflation almost exactly at the E.C.B.'s target rate of two per cent.
(Some of the local celebrations were muted. I happened to be in Paris that day, and much of the chat was about the various bodies that had taken the chance of sneaking in a price rise as francs were swapped for euros). For the first few years, the eurozone went well, with decent growth and inflation almost exactly at the E.C.B.'s target rate of two per cent.
You can see why stocks are decent hedges against inflation while bonds are not.
Its record on balancing growth and inflation is decent enough (see chart 1).
Also, property ownership is a fairly decent hedge against currency inflation.
But its recent growth, at a perky 6% or so a year, driven by copper exports, has at least been married to decent policies that kept inflation lowish and helped spread some benefits to the poor.
After saying that you will need to invest in equities for your entire life — so that your money has a decent shot of outpacing inflation — Ms. Weston basically leaves it up to you to determine how much should be in stocks, bonds and cash.
During this period, we had low unemployment and inflation and decent productivity growth.
We remain concerned that financing costs for that deficit will increase, and we'd put decent odds on roaring inflation a few years hence.
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