Demographics, Growth, and Stock & Bond Returns

We recently highlighted data about the changing demographic make-up of the U.S., and the issue of what that means for the economy and stock market. Now, a new study shows that it may mean quite a bit — if history repeats itself. The study — “Demographic Changes, Financial Markets, and the Economy” — was performed by Rob Arnott and Denis Chaves of Research Affiliates. Looking at historical data from 175 or so countries (with a… Read More