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During times where inflation stood above this threshold, equities averaged 5.22% annually (with high degrees of volatility), and bonds returned 0.25%.
Surprise is an intrinsic aspect of change, in particular when it takes place at an accelerating pace with high degrees of volatility, uncertainty, complexity, ambiguity (VUCA) - or within the condition of post-normality as described by Ziauddin Sardar.
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"The market's going through a degree of volatility as we trudge through this earnings season," said Keith Wirtz, chief investment officer of Fifth Third Asset Management.
What we're mindful of is that historically in California, we have a greater degree of volatility than in other states".
That has introduced a degree of volatility into the race, because only the most engaged voters are expected to show up at the polls.
"He was surprised by the degree of volatility in consumer electronic prices, which reminded me just how unaware even the most savvy people are of the prevalence of dynamic pricing in consumer electronics," he said.
"We are also fully aware of the tough consumer and economic environment in which we are competing and operating, and the degree of volatility that this environment can create".
If in the US, for example, politicians fail to reach agreement on the fiscal cliff by the end of the year, that may introduce a degree of volatility into the S&P 500, which could present an opportunity to buy into the market cheaply," he says.
However, the electricity load is a non-linear signal with high degree of volatility.
But it is an additional risk in that one needs to be prepared for navigating through an environment with a higher degree of volatility.
For example, interest rates experienced a large degree of volatility during the last years of our sample, possibly affecting the dynamics of output.
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CEO of Professional Science Editing for Scientists @ prosciediting.com