Temporarily. I agree with everything in this article, even the S&P valuation of 4000.
The rise in energy prices is a clear sign that stagflation will become the order of the day. It's my opinion that we are heading into a period like 1973-4 over the next two years.
My pension will become worthless and I am stuck with trying to merely get savings to hold its value. The history of the 1970s shows that the last thing you should do is expect capital growth. That's a good way to lose your shirt on top of your pension.
The rise in energy prices is a clear sign that stagflation will become the order of the day. It's my opinion that we are heading into a period like 1973-4 over the next two years.
My pension will become worthless and I am stuck with trying to merely get savings to hold its value. The history of the 1970s shows that the last thing you should do is expect capital growth. That's a good way to lose your shirt on top of your pension.
