Today’s Chart (or table) of the day comes to us via Mebane Faber at World Beta. He put together an excellent table showing the annualized average monthly by asset class as they pertain to the steepness of the yield curve. The study dates back to 1973. The results are interesting to say the least:
Source: World Beta
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.