'Hey! How about that? Investors have finally driven the likely 12-year nominal total return for a conventional passive asset mix (60% S&P 500, 30% Treasury bonds, 10% Treasury bills) down to exactly zero. Investors didn't even do that in 1929.'
- John P. Hussman, (
Source, February 4, 2020 -
Whatever They’re Doing, It’s Not “Investment”, January 31, 2020)
Context'..Bubbles remain the overriding risk – and further inflation only intensifies historic Bubble risk..'America's Great Depression