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Here you go, Derf: - economic growth is to stay sub-par for a long period of time due to a) globalization; b) technological innovation; and c) aging of the baby boomers (who are transferring from investing to saving). Since the problem is structural as opposed to cyclical, the fed policy response is not effective. In such a low growth/low interest rate environment, any return over 5% (whether from equities or bonds) is not achievable.
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