what is your objection to the piece?
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in the 1970s inflation was cost-push (squeezed margins). Longer history shows no link between inflation and equity returns.
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I will send charts later but true since 1900 across multiple countries, also multiple srudies.
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Hmmm, maybe we look at it in different ways. See Figures 68-70 in http://bit.ly/2jADAr8
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Ah- note I was talking about *real* equity returns: ie equity returns don't *keep up with* inflation
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Then we are saying the same thing (my charts show returns don't rise with inflation). I agree US valuations cannot be sustained.
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Trumpflation, bringing jobs back to America of the inefficient industries just mean one thing: higher prices. He is a lunatic
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buying stocks usually good protection against inflation. Until the big bubble.
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