Credit Suisse 2012 Year Book With Heavy Inflation Discussion

[Ad Orientem]

https://www.credit-suisse.com/investmen ... arbook.pdf

Some good historical data in here going back to 1900. The first part discusses the risks of inflation and various ways to hedge the risks. I think much of this would appeal to Clive who once posted a very good piece arguing that inflation is the main long term threat in a world economy based on fiat paper money. The 20th century was one of the most inflationary in history.

[hedgehog]

Current version of the paper can be found here: https://www.credit-suisse.com/us/en/new ... tions.html

Some help needed reading the charts

I am looking at page 38, Australia in the 2014 PDF:

- Cumulative real returns from 1900 to 2013 - it means not adjusted to inflation?

- Annualized real returns onmajor asset classes (%) - this one is pretty straightforward

- Annualized equity, bond, and currency premia (%) - now this is totally unclear:

"Note: EP Bonds denotes the equity premium relative to long-term government bonds; EP
Bills denotes the equity premium relative to Treasury bills; Mat Prem denotes the maturity
premium for government bond returns relative to bill returns; and RealXRate denotes the real
(inflation adjusted) change in the exchange rate against the US dollar."

If I need a simple gold chart in a similar long time frame (inflation adjusted or not) where can I find it?

Any info on the whole paper's methodology? Didn't really find it in plain language.