“ ‘ I think this could be a lost decade in terms of equity appreciation.’ ”

— Tony James

Blackstone official Tony James, cautioned investors not to expect a lot from the U.S. stock market in the coming decade.

Speaking to CNBC’s “Squawk Box Asia” on Wednesday during a virtual Singapore Summit, the investor with the private equity group told the network that companies will struggle to generate strong earnings in the coming 10-year period, as he predicts that eventually superlow interest rates prevailing now will give way to higher rates in the future that will raise costs for American corporations.

James said higher taxes and stepped-up regulation, which are expected

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