The Economist | Asset returns: I wouldn’t start from here

The Economist | Asset returns: I wouldn’t start from here http://www.economist.com/node/21532276?frsc=dg%7Cb via @theeconomist

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We shall turn to history to anticipate the future

I am currently reading Niall Ferguson’s book, Civilization: The West and the Rest. For anyone interested in a concise summary of the history of the human race for the past six hundred years – Look no further. Time and again Ferguson reinforces the point that the only way we can anticipate the future or a series of likely future scenarios is to study the past. History does repeat itself! This applies to Financial Markets and Wars alike.