The cult of equity is dying, but the "cult of inflation" has only just begun, writes Bill Gross,...

|By:, SA News Editor

The cult of equity is dying, but the "cult of inflation" has only just begun, writes Bill Gross, expecting not just a few years, but decades of an "inflationary solution" to the issues developed economies face. Obviously not great for the holder of long-term bonds, inflation won't be great for stocks either. Jeremy Siegel's 6.6% long-term real return from equities in the 20th century may have been an "historical freak."