The reports of the death of the equity investor have been greatly exaggerated

The Death of equities If you believe the doom merchants, the cult of the equity is dead and deflation is the watchword of the future. This pessimistic scenario can be argued most convincingly when shares are depressed, but does that make it right? As an optimist, I would argue the case for equities is at its strongest when prices are most depressed, because that is when the greatest returns can be achieved. THE BEARISH CASE According to the bears, shares can go nowhere because profits remain depressed without economic growth and/or inflation. Growth is limited by excessive debt,...