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A Change in the Prevailing Winds
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1 Articles
A Change in the Prevailing Winds
For several years, almost certainly dating back to the Global Financial Crisis, stock investors have benefited from a positive liquidity backdrop. Interest rates were generally low, thanks to subdued inflation, which facilitated a highly favorable supply/demand backdrop for stocks. Solid but steady economic growth amid those conditions facilitated a stable to shrinking supply of publicly traded shares, which was facilitated by buybacks and tak…
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