As of last Friday: adjusting for inflation, the Dow is basically where it was in 1966:
This doesn't include dividends.
From February 9, 1966 to Friday’s close, the Dow gained 562.7%. The CPI from February 1966 to January 2009 rose 559.8%. That works out to a whopping real gain of 43 basis points stretched out over 43 years.
Keep this in mind when the Dow begins falling again, which it will soon. Keep this in mind when people tell you America's is the most productive economy in the world. How is that measured, and does the measurement account for inflation?
This doesn't include dividends.
From February 9, 1966 to Friday’s close, the Dow gained 562.7%. The CPI from February 1966 to January 2009 rose 559.8%. That works out to a whopping real gain of 43 basis points stretched out over 43 years.
Keep this in mind when the Dow begins falling again, which it will soon. Keep this in mind when people tell you America's is the most productive economy in the world. How is that measured, and does the measurement account for inflation?
Posts
No comments:
Post a Comment