Why stocks are still cheap relative to bonds | The Economist

Why stocks are still cheap relative to bonds

The expected return on equities has rarely been lower-yet still outpaces bonds

BILLY CONNOLLY, the great Scottish comedian who recently retired from performing, had a joke about two men filming a lion for a wildlife documentary. The lion suddenly looks up. The men fear they have been spotted. One of them slowly removes his boots and puts on a pair of running shoes.

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