Jim Devine wrote:
>February 26, 2006/New York TIMES
>
>Economic View
>
>Why Do Stocks Pay So Much More Than Bonds?
>By DANIEL ALTMAN
>
>YOU might think that the nation's high priests of finance would have
>agreed by now on why stocks have paid much higher returns than bonds
>over the years.
>
It's hard to judge the meaning of stock trends. For one thing, for the
last twenty years, the stock market has been subsidized by funnelling
forced pension (401K) savings into it. More $ chasing a more or less
constant supply of stocks. It keeps a floor under everything.
Joanna
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