Cursed images from the dad. GMO back on their bullshitpic.twitter.com/3IGICU19tk
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I think every major firm has been pretty “bearish" on 7-10 year equity returns since 2015 (mostly due to valuations). That hasn’t worked out too well so far.
If by bearish you mean low-mid single digits, sure. Not many AMs predicting negative returns that I’ve seen.
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Yes, that’s what I meant. e.g. Well below the long-term discount rates used by most pensions.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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