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We've also had some spectacularly high inflation in the past, which tempers those GDP numbers somewhat. I otherwise agree that historical norms for equity marke
by tcoppi 10y ago
We've also had some spectacularly high inflation in the past, which tempers those GDP numbers somewhat. I otherwise agree that historical norms for equity market returns are probably overly optimistic for the future, but I wouldn't be extremely pessimistic either.
- bobcostas55 10y agoThat growth rate is real, not nominal.
- tcoppi 10y agoSo it is. It isn't very clear looking at that chart though, unfortunately. Another reason why I prefer FRED for this kind of data [1]. 1. https://fred.stlouisfed.org/series/A191RL1A225NBEA https://fred.stlouisfed.org/series/A191RL1A225NBEA