Radio Doug
William S. Lear
rael at zopyra.com
Thu Jan 21 20:48:25 PST 1999
On Thu, January 21, 1999 at 12:26:07 (-0500) Tom Lehman writes:
>Dear Doug,
>
>During congressional testimony and in response to a question asked by
>Cleveland Congressman Dennis Kunich, Commissioner Apfel stated, that
>the bonds held by the trust fund were currently paying on average
>around 7% interest.
Doug, your latest LBO has avg. stock returns, adjusted for inflation,
returning about 6% over the last, what, 80 years? What would the
above figure be, similarly adjusted?
Bill
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