Is There a Magic Number?

I think that we're going to return to normalized returns, normalized earnings growth. Maybe it's four or five%, but it's going to be some sort of a tight range. So what the fet does here in year term, i think you're on to eretherre on something, or on to something both. The majority of returns that people have received from fixed income is because a performance, not because a yield. We were very critical of the fed in 20 21, just like we were critical of the Fed in two thousand 12, 13 and 14. Mean, stop this. Enough's enough.

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