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To: seowulf
Prior to 1970 it seems that stocks increased steadily based on actual growth rather than fickle interest rates and monetary policy.

Some people can say that especially when just comparing two decades before '70 to the four after, but looking at the seven decades before '70 stock index swings look much worse before:


17 posted on 01/18/2015 6:21:53 PM PST by expat_panama
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To: expat_panama

How does that graph look with a linear y axis?


23 posted on 01/19/2015 11:30:16 AM PST by seowulf (Cogito cogito, ergo cogito sum. Cogito.---Ambrose Bierce)
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To: expat_panama

About like any other exponential growth pattern. It’d be like plotting the U.S. population, or the amount of written knowledge. Anything that doubles every fixed unit of time will always look like an explosion on a linear plot.


24 posted on 01/19/2015 2:32:20 PM PST by expat_panama
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