Post GFC are shares the new place to be?
Bonds, with their well-earned reputation for modest but steady returns, looked so very attractive in the risk-averse wake of the Global Financial Crisis (GFC). In fact they looked so good that huge amounts of cash chased bonds worldwide in the period 2008-2012. Understandable, of course, but the result has been what you always get when lots of money bids for one asset class – a price bubble.