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Returns

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Alternatives: Returns over the years

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Strong performance across a wide-range of asset classes

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Earnings growth is declining globally

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1970 - 2007 trend and actual real GDP per capita

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Stock Market Since 1926

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Global vs US stock portfolio returns

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60/40 Calendar year returns

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60/40 Max Drawdowns

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Equity correlations unrelated to recessions occur more frequently, but recessionary ones tend to be more severe

Equity correlations unrelated to recessions occur more frequently, but recessionary ones tend to be more severe.png

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