There are no easy answers in the low-return era - Financial Times

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Central banks such as the Federal Reserve have rushed in to help the markets but the current recovery is not a sign of the sector health © Gado/Getty Images

Much stock market analysis takes it for granted that there is a clear relationship between economic growth and the return on equity. That is a questionable assumption at the best of times. In the world of Covid-19 it is pure nonsense. The market recovery since the ultra high speed bear market in March owes nothing to rational assessments of the health of the corporate sector and everything to policy.

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"low" - Google News
August 10, 2020 at 11:01AM
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There are no easy answers in the low-return era - Financial Times
"low" - Google News
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