As I read recent research on the economy and investments, two images came to mind: a canoe, and a car pulling a trailer.
The first piece of research focused on the outlook for long-term interest rates. It had me wondering whether current and future retirees will remain in a low-interest environment, like being stuck in a canoe without a motor. The current investment environment reminds me of an overnight canoe trip that I took as a teenager. The first day was full of excitement and motion,