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To: jim kelley who wrote (56476)10/4/2000 11:16:46 PM
From: Zeev Hed  Read Replies (2) | Respond to of 93625
 
Jim, I think that Bush used a little too much "fuzzy mathematics. To achieve his $1 trillion goes to 3 trillion in 10 years (assuming monthly contribution of $8.333 B for 120 month) requires returns of 19.32%. Where did he get 2%, treasuries are paying around 6%, and for the next 10years, 6% may look sweet relative to a market return like in the period of 1966 to 1982 (no returns).

Zeev


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