The continuing hunt for income

One of the most noticeable differences between the current recession and that of the early 1990s is ...

One of the most noticeable differences between the current recession and that of the early 1990s is that the default option of the asset class of choice during uncertain times - cash - no longer offers any yield attractions. Although inflation rates were in double digits for most of the earlier recession, the attraction of high rates of interest on cash savings, with minimum lending rate at 15%, provided an aura of security as both equity and bond markets struggled to perform. Of course, the real returns to investors at this time were not nearly as high due to what economists term 'money ...