| Re: Bloomberg: U.S. stock futures could fall another 30%%. Unprecedented loss of personal wealth. |
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Group: mn.politics · Group Profile
Author: Jeff DegeJeff Dege Date: Jul 24, 2008 19:15
On Thu, 24 Jul 2008 16:37:20 -0400, alexy wrote:
> Jeff Dege jdege.visi.com> wrote:
> >>>>1965 1.000 1.000 1.1245
>>>>1982 1.014 19.76 68.018
>>>>
>>>>That's a 13.95%%, more than 7%% above inflation.
>>> Step back for a moment. Does that look right to you?
>>
>>I don't think you'll find anything wrong with the numbers.
> If I set my 12C to EOY, and assume $1 per year going in and 68.018 at
> the end, I get the same thing. Problem with that (besides EOY) is that
> there is not $1 per month going in, but rather an increasing stream of
> deposits. If the 49G doesn't allow that many inputs for an IRR calc, use
> a spreadsheet, and I'm betting on close to the same IRR as the other.
Yep. My mistake again. Still, the first set of numbers did use a fixed
$1/year, and that showed a 3%% gain over inflation. Any quibbles with
that?
--
Contemplate the mangled bodies of your countrymen, and then say, 'What
should be the reward of such sacrifices?' Bid us and our posterity bow the
knee, supplicate the friendship, and plough, and sow, and reap, to glut
the avarice of the men who have let loose on us the dogs of war to riot
in our blood and hunt us from the face of the earth? If ye love wealth
better than liberty, the tranquility of servitude than the animating
contest of freedom, go from us in peace. We ask not your counsels or
arms. Crouch down and lick the hands which feed you. May your chains sit
lightly upon you, and may posterity forget that ye were our countrymen!
- Samuel Adams
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