> last 100 years might have been an anomaly I should expand on this. The historical returns of the US stock market are about 7% annually over the long haul. Th

> last 100 years might have been an anomaly I should expand on this. The historical returns of the US stock market are about 7% annually over the long haul. The US GDP has grown about 2% annually over the last 150 years. There were a few decades when it was about 3.5% and we felt pretty good, but that's been done for a while now. So... economic growth is at 2% and capital returns are 7%. As Thomas Piketty pointed out, this is probably unsustainable. I suggest a healthy skepticism when someone uses the last 50 years to predict the next 50 years.