He wrote about the end of the cult of equity and now on CNBC he is saying he expects stocks to return 5-6% a year and bonds 2-3%.
I suppose 5-6% isn’t much after inflation. Or is it sad that 5-6% actually looks like a great return when 18-months ago 30-year bonds yielded 4.8%, or 6.75% at the beginning of the 2000s?
