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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (25387)	11/13/2002 7:20:55 AM
From: Moominoid	Respond to of 74559

2-3 percent- That's a world wide number. Sure - I just took that number from Jay's post. Korea grew at 5-8 % percent for about 2 decades. China is growing at about that rate now, depending on how you discount the official numbers. US economy grew at about 3-4 % in the 1960s. The bar code industry grew at 15-20% per year from the mid 1970s to late 1990s. I expect it will resume growth, but maybe closer to 10%. If I move money from overpriced tech to under priced oil, the return to society will be greater In theory asset prices should reflect these growth rates except when they are changing. They often don't react very fast though and there are good disequilibrium investment opportunities. Well I really have stirred things up by my simple point that the current income from capital isn't a zero sum game... The original claim was that anything above a real rate of return of 2-3% was taking away from someone else. At least you and I both agree that it isn't (I think). David