The deflationary period of the 1930s actually improves the performance of those 10-year cycles. A few of these returns did drop into negative territory after accounting for inflation. Two of the negative 10 year returns occurred in the highly inflationary 1970s period while the 10 year stretch from 1937-1946 was just slightly negative.
A Wealth of Common Sense is a blog that focuses on wealth management, investments, financial markets and investor psychology. I manage portfolios for institutions and individuals at Ritholtz Wealth Management LLC. More about me here. For disclosure information please see here.
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