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Looking Through The Lens Of History: 1960s vs Today

There are many famous quotes about history - “History doesn’t repeat itself but it often rhymes; The best prophet of the future is the past” - are two of the best known and it can certainly be instructive to look at a past period to see if the experiences then have any bearing on what is happening today. We have been comparing the US in the 1960s with the current macroeconomic and market cycle and there are some interesting parallels. Inflation and interest rates in the early 1960s were low and more importantly they were stable. GDP growth was a little...