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Thanks, Fed! Wishful Thinking in a World Without Yield

Summary:
“The challenge we all face as investors is that the collapse in interest rates makes achieving historical rates of return very difficult,” says John Skjervem, chief executive of Alan Biller and Associates, an institutional investment consulting firm in Menlo Park, Calif. When cash and bonds yield close to zero, “stacking the traditional assets on top of that isn’t enough.” https://www.wsj.com/articles/wishful-thinking-in-a-world-without-yield-11624026610?mod=markets_lead_pos5

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“The challenge we all face as investors is that the collapse in interest rates makes achieving historical rates of return very difficult,” says John Skjervem, chief executive of Alan Biller and Associates, an institutional investment consulting firm in Menlo Park, Calif. When cash and bonds yield close to zero, “stacking the traditional assets on top of that isn’t enough.”

https://www.wsj.com/articles/wishful-thinking-in-a-world-without-yield-11624026610?mod=markets_lead_pos5

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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