What Do We Learn From the Forties?

We look more like the u k. of the 19 forties than the united states of the19 forties, Lyn says. And also equities and real istate are going into this decade at higher valuations, so the acquitve performance of the forties may be less instructive. But it's really the area of the inflation, of monetary policy and fhiscal policy that i think is most instructive for this period.Lyn: What do we learn from the forties? And particularly with respect to inflation, what does it mean?