In 2008, on a global level, the equity market capitalization to GDP ratio was close to 100% (more than twice the long run average of 50%)
During 1900 - 2008, government bonds and bills earned annualized real returns of 1% to 2% on average, which is in line with the inflation rate. Equity markets earned real returns in excess of 4% per year in most markets.
In most developed countries, equity ownership as a percentage of the population was between 20% and 50%.
During 1900 - 2008, government bonds and bills earned annualized real returns of 1% to 2% on average, which is in line with the inflation rate. Equity markets earned real returns in excess of 4% per year in most markets.
In most developed countries, equity ownership as a percentage of the population was between 20% and 50%.
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