Principal Global CEO Laments a Single-Digit Reality

The video discusses the impact of deflationary technology on market returns, suggesting a shift towards single-digit returns. It explores investment strategies post-financial crisis, emphasizing US commercial real estate and small to mid-cap stocks. The discussion includes the US market's pricing and potential reflationary agenda under the new administration. It also highlights risks such as trade wars, terrorism, and European political instability, suggesting that the European market may be a value trap due to high risks and low growth prospects.

What risks are associated with European investments as mentioned in the text?

What does the speaker mean by 'return free risk' in the context of European markets?