The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. Government bonds are on track for their worst year since 1865, the year the U.S. Civil War ended.
According to Bank of America, government bonds are on track for their worst year since 1865, the year the U.S. Civil War ended.
Meanwhile, the stock market, when adjusted for inflation, is on track for its worst year since 1872, again according to Bank of America calculations. Deutsche Bank presents a chart showing a wide variety of asset performance during the first half. Only energy and commodities made any sort of headway in the first half.
The official tally, in nominal terms, is that the S&P 500 SPX, +1.06% dropped 20.6% in the first half of the year, and the Nasdaq Composite COMP, +0.90% dropped 29.5%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Is Apple’s New Medications Tracker and How Does It Work?At least half of people who take pills forget sometimes—this might help.
Read more »
Video: Ford F-150 Raptor vs. Ram 1500 TRX Off-Road ComparisonWe head out on an off-road 4x4 adventure to find the similarities and differences between the Ford F-150 Raptor and Ram 1500 TRX.
Read more »
Mexico president doubles down on Hitler comparison with Jewish analyst after protestMexican President Andres Manuel Lopez Obrador on Thursday said he was right to compare a prominent Mexican Jewish figure to Adolf Hitler for his political mindset, shrugging off a protest from the country's Jewish community.
Read more »
Did you win Wednesday’s $365M Powerball drawing? Winning numbers, live resultsThe winning Powerball lottery numbers are drawn Wednesday, June 29, 2022, at 10:59 p.m. The Powerball jackpot drawing today (6/29/2022) is worth an estimated $365 million for a single winner.
Read more »
Review: A nightmarish 'Minions' prequel is just under 90 minutes of pure chaosThe 1970s references include Pam Grier, Elliott Gould and kung fu movies, but the nonsensical entertainment aimed at kids remains bewilderingly bad.
Read more »
How to choose the right smartwatch for youWondering how to choose the right smartwatch for your lifestyle? Check out these smartwatch comparisons for some knowledge before purchasing!
Read more »