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snoodog · 2844 days ago · link · · parent · post: Larry Summers: Interest rates are at inconceivable levels, and we must confront what that means
I guess if you look at 2000 and assume 4.5% capital growth then then you would get right around a doubling. At 4% its 18 years 3% 24. The real question is 4.5% realistic or is it a blip of an accounting gimmick. I would argue the latter but maybe kleinbl00 can chime in with a better answer. I dont have my copy of https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century at my desk to reference but I remember historic growth being surprisingly small on the order 1-2% maybe 3% in the last century.