We are coming up on 7 years of bad economy. We all know who is to blame.
George Bush!! Right? (Sorry, shameless SARC )
Coming up is the Summer of Recovery 7.0.
This “economy” is based on smoke and mirrors. The “recovery” is in spite of obungo and his minions. They have made malaise from the Carter years look like an absolute boom time. The only bright spot of the economy has been oil and it is now battered and will be for at least the next 12 to 18 months. Even then it will not return like it was.
Only a few years ago we had both attractive fixed rates of return and good investment returns. Do you mean to tell me that our economy NATURALLY changed that much in just a few years? No, it has been crippled when it was down and it has only barely recovered to where it was.
Consider these documented Rates of Return from the Gone Fishing Portfolio. 2009 was only the dead cat bouncing.
2003 32.7% (a dead cat bounce from the .com era),
2004 15.2%,
2005 11.9%,
2006 16.9%,
2007 10.7%,
2008 -31.7%,
2009 34.3% (the dead cat bounce),
2010 16.1%,
2011 -3.19%,
2012 13.4%,
2013 15.3%,
2014 3.8%
Over all these years there has been a compounded annual RoR of 9.88%.