Incentive to dump cash for equities has never been greater
But be warned – many industries and business models are facing serious risk of technological destruction
This has been a year of decent stock market gains. That is not surprising given the relatively benign and healthy economic environment synchronised across the western world (and much of the rest of the world too).
Productivity continues to rise, and inflation is tamed through the impact of free trade and the contribution of technological advances to rising productivity and to downward pressure on wage inflation.
This all adds up to a benign background -...
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