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follow AD 2016 Jul 19, 10:59pm
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Mauldin is saying expect 4 to 5% annual returns over the next 15 years.
Well that is just a continuation of the last 16 years ! S&P 500 was 1550 in summer of 2000 and it is now around 2150. Counting a 2% annual dividend or yield, then the average annual return is around 4% from 2000 to present day. That barely keeps pace with average annual inflation of 2%.
Yahoo Finance referenced this article quoting Mauldin: http://www.newsmax.com/Finance/StreetTalk/capitalism-era-historic-returns/2016/07/18/id/739193/
Mauldin, poor Mauldin. As with all the austrians he has lost his rudder and he just paddles in circles.
There poor returns are all Obama's fault!!!