Investors who require income are facing the same principal challenge as growth investors. The combin...
Investors who require income are facing the same principal challenge as growth investors. The combination of new technology, telecommunications and the internet is transforming business and consumer behaviour. As in the previous industrial revolution this is producing strong deflationary fires. At the macro level the best evidence can be seen in the US where despite the unprecedented length of the current expansion, inflation appears to remain dormant. At the micro level most industries are starting to show the effects. This is clearly evident in the banking industry where new entrants ...
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