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Inflation-adjusted Dow.

What’s interesting is that “that the inflation-adjusted Dow is now a touch less than three times higher than where was in 1929 and a little over double where it was in 1965. Not that spectacular of a performance considering the time frames involved.”

If anyone would like to calculate what that equals in terms of annual growth, I’d be curious. Whatever it is, it’s slower then real per capita GDP growth.

Christopher Hayes is the Washington, D.C. Editor of The Nation.

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