Commodities and short-term TIPS: how each combats ...
inflation was a primary reason market price/earnings (P/E) ratios fell well below the federal funds rate (in 1980, the P/E of the S&P 500 Index was 7.4x, and the federal funds rate was 18%). Today, expectations for inflation are low, and the S&P 500 Index has returned an average of 10.8% since ................
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