tag:blogger.com,1999:blog-816559531110064247.post4280507851952607419..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: Margin pressures = Subdued L-T equity returnsCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-816559531110064247.post-49030472051296386502015-10-08T07:14:39.159-07:002015-10-08T07:14:39.159-07:00I often think about this on a micro level - how th...I often think about this on a micro level - how there are so many components of our every day life where deflation seems rampant, and not just at the pump. How about the ability to own a super computer in our pockets for a few hundred dollars? Or the accessibility of information and entertainment - all which we expect to come for free. Cars consume less, young homeowners no longer yearn for suburban plots with suburban homes. Physical retailers (think strip malls) are replaced with superstores like amazon.com and Walmart. These are all of course anecdotal examples, but clear evidence to me of deflationary forces, not inflationary forces at hand. Are consumers taking those extra dollars and putting them to work elsewhere or are they reducing debt, saving, etc.? Curious if you have thought about it on this level...Anonymoushttps://www.blogger.com/profile/16972471040326630395noreply@blogger.com