This is our baseline portfolio which we have been tracking since December 1, 2008. The interesting observation is that the annualized gain has been stable to slightly decreasing since August of last year. There was the dip a year ago and then it rebounded and has remained on a constant uptick, yet if one looks at it from August 2009 onwards the gains are relatively modest but steady.
The issue is that it is a rebound gain but the question still is that of inflation and deficit/debt.
The issue is that it is a rebound gain but the question still is that of inflation and deficit/debt.
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