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For the last 200 years, the US stock market has produced a 7-8% real annual return, ie a doubling every 10 years. Same is true for the Swedish stock market for the last 100 years

That can only hold if the stock market represents a small fraction of GDP. I doubt everyone's pension could grow at 7-8%

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Tue Mar 13th, 2012 at 04:28:32 AM EST
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