How low real interest rates contribute to low returns for stocks and other risk assets. How real interest rates are determined. Photo by Markus Spiske In this episode you’ll learn: How global stocks and bonds have performed historically.How real interest rates are predictive of asset class returns.How real interest rates are determined.Why low real rates suggest asset class returns will continue to be low. Show Notes NACUBO-Commonfund Study of Endowments Credit Suisse … [Read more...]