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That is because all pension funds tend to own some bonds, and low bond yields mean low future returns.
The nihilistic young characters weren't especially memorable, but they were hip and smart, and their reflections on everything from McJobs ("low pay, low prestige, low benefits, low future") to retro fashions breathed life into the slender, plotless book.
So they need a larger sum to generate a given retirement income.The second problem is that, when asset prices are high and yields are low, future returns are likely to be subdued.
On the one hand, high past returns are an indicator of low future returns: that has certainly proved true for those who bought equity mutual funds at the turn of the decade.
They spent 40% of their cashflow on buy-backs in the first quarter of 2008, just before the Bear Stearns rescue and just 20% of their casfhow in early 2009 when the market bottomed.The most rational answer is that low yields imply low future returns, for equities and property as well as bonds.
Designs that include flexible ceilings instead of rigid ceilings have relatively low future adaptation costs, but are relatively expensive.
Similar(38)
China's building sector can reach a relatively low-carbon future with more low- and non-carbon fuels consumed.
But energy experts dispute the suggestion that diesel is a necessary part of the transition to a low carbon future.
One of the key challenges is making sure the capacity is in place for a low carbon future.
"We now we have our starting signal – this is the "go" toward a low carbon future," she said.
Fossil fuel companies often argue that gas could play a "bridging role" to a low carbon future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com