The "inglorious 20" - private banking in the lost decades - Michel Longhini

19/04/2012

With both bonds and cash posting higher returns with much lower volatility than developed equities since 2000, the past decade has been "lost" to investors in a similar way to the japanese market in the 1990s. Moreover, the recent statement by the head of the IMF, Christine Lagarde, about the risk of a further "lost decade" for the world economy and financial markets echoes our belief that we may only be halfway through an "inglorious 20"- year period.

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