In his latest white paper, "The 13th Labour of Hercules: capital Preservation in the Age of Financial Repression," James Montier, a member of GMO's asset allocation team, looks at how monetary policy that creates consistently negative interest rates has impacted investing. Included in this paper is the chart below, which shows GMO's 7-year projections for equities and bonds.
To read Montier's full paper, click here.
