Thursday, September 6, 2012

Stock market yield versus Bond yield since 1870


Stock market yield compared to 10 year bond yield since 1870.












Click on the above graph to get a larger image. Source: Global Financial Data

The large 54-60 years  interest rate cycle is bottoming. The previous peak was in 1980. The cycle is due to turn up the next few years. We expect the next rise in the cycle to last  25-30 years.

Geir Solem

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