The Great Ray Dream Change

The search field is dead because lofty risk for interest rates on cash and cash-like investments are certainly plentiful. In closing years, I think 2022 is the year of the Great Ray dream change or inflection point. The absence of a decent risk-free rate of return rationalized the proliferation of numerous high yielding solutions in equity's property and fixed income. That party is now over. All investments need to offer attractive risk premiums, over 4-5% cash rates and government bond yields. Some sectors like the liquid equities and bond markets have adjusted immediately. More liquid areas could take years before they fully reprice. Concurrently investors will discover the price of that illiquidity, which

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