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According to the Reserve Bank's deputy Governor:
"The prospective earnings yield on Australian shares now stands at 11 per cent, almost double the long-term average…When the yield has risen to these levels in the past, the return on shares over the subsequent 10 years has almost always been well above average" David Uren in The AustralianHere's the Governor's speech.
Posted on 11/17 at 07:51 AM.
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