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To: craig crawford who wrote (130156)8/16/2001 10:49:14 AM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
sorry my friend. inflation (the cpi) hit 11% in 1974.

12% I think, but it was back to 6.9% in '75 and averaged 8% from '75 through '79 and 8.8% through '80. 4-5% real return, not counting dividends. And that's the big, slow S&P 500. The Nasdaq Composite gained 22% p.a. over the same six years. That's more than 13% p.a. of REAL return.

Sorry my friend, but you don't know what you are talking about. But that's not news. Back to the cave for you.


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