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To: stockman_scott who wrote (48132)10/20/2001 10:56:43 AM
From: Mike Buckley  Read Replies (1) | Respond to of 54805
 
Asness notes that real earnings growth for Standard & Poor's 500 companies - that's earnings minus inflation -- has averaged just 1.6 percent a year for more than a century.

I've never seen that statistic. Based on everything I've seen, that would put average inflation at about 10%. I don't get it.

--Mike Buckley