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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (16777)11/26/2004 3:59:36 PM
From: Wyätt Gwyön  Respond to of 116555
 
just because the dollar has lost 95.1% of it's buying power in the past 100 years

this is a common misconception--it ignores the cash rate on the dollar, which resulted in cash being a 57-bagger over the 20th century. much lower after inflation, but still a positive real yield.

the problem is that the cash rate today is well below the inflation rate.