THE new rounds of inflation experienced worldwide are eroding the value of savings. Real return on investments equals the nominal rate less the inflation bite. Those who have banked on returns from their pot of assets find themselves challenged as the purchasing power based on returns have been diminished.
The predicted lower output has increased the risk that the US economy will suffer from a recession in the next few months and for profits to fall. US stocks remain expensive, trading at high price-earnings ratios (P/Es).
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