BlackRock forecasts a 1% economic contraction this year. The question: How will investors respond?
Tag: Great Recession
Despite the recession and subsequent loss of assets value, pensions plans continued to pay out over a trillion dollars in benefits to stakeholders over the recessionary era.
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Investors could see either a 1970s-style double-digit ripsnorter, a return to a more normal level, or something in between.
They don’t pay much interest, and future price appreciation is so not happening. Still, they have their uses.
Perils waylay these stocks, which haven’t caught a break in years. Ah, but some hope exists.