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Stocks vs Inflation How Markets Weather the 1960s to 1970s
Field Enterprises notes that stocks offered little hedge against ten years of galloping inflation, with the Dow around 1000 while CPI surged about 275 percent. Over the long term stocks can protect wealth, but short term limits persist. bonds and land have mixed performance and risk profiles.
MENTIONED IN THIS ARTICLE
New York
Fortune Magazine
U.S
Yale Hirsch
Dow
Fortune
Philip Cagan
National Bureau of Economic Research
Columbia University
Cagan
Field Enterprises. Inc