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According to Messrs Milesi-Ferretti Milesi-Ferretti and Lanee suforeignersative returns on thave invesufferedfor the past four years.
As Mr Legland points out, the fall in gold may simply be a return to normal conditions; since the end of 1971, gold investors have suffered negative returns in 38% of all rolling one-year periods.
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The movie opened strongly but suffered negative reviews and poor results in exit polling.
It says that my unit suffered negative good order -- negative actions -- good order and discipline suffered.
The film also suffered negative publicity before release.
Investors in junk-bond mutual funds suffered a negative return of roughly 25 percent in 2008.
And last year, while the MSCI World Index of global share prices suffered a negative return of 40.3%, commercial property lost just 10.1%.The good news is that, in most developed markets, the boom did not result in a glut of new building.
Children suffer negative impacts of domestic violence from the womb through adulthood.
These backward companies collectively suffer a negative return on capital and are a big reason why Japan's slump persists.
Kevin Gardiner, a strategist at HSBC, says that real returns from American shares were just 0.1% a year from 1966-81; they fell a dismal 1.3% a year from 1973 to 1981.Although that performance was much better than the painfully negative returns suffered by holders of government bonds, it was a long way short of the 6-7% returns that shares have historically achieved.
Admittedly, yields of 3.5percentt on munis are nothing to write home about, but they surely beat the negative returns -- some of them disastrous for retirement plans -- that have been suffered by equities in the last two and a half years.
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