31 ms·
"where I was trying to point out to a banker that the nominal return cannot exceed inflation in the long run. ". Sorry, but i hope you realise now you're wrong
by supercoder 11y ago
"where I was trying to point out to a banker that the nominal return cannot exceed inflation in the long run. ".
Sorry, but i hope you realise now you're wrong and I hope the banker explained why.
- lsd5you 11y agoIt should read monetary supply inflation, not basket of goods inflation. The greater point is how can ordinary expected returns exceed productivity growth, normal monetary supply inflation and indeed gdp growth.