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    Fed Working Paper - 40% of real corporate profit growth after 1989 was fueled by a decline of interest rates and corporate tax cuts.

    @daniellea You should not use TIPS as a forward estimate of real returns or as a forward estimate of inflation rate expectations. The TIPS pricing mechanism is completely broken. TIPS have been pricing an immediate drop of inflation to 2.0% for every month since 2021. The pricing never corrects...
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