Well, now Doug...

[Greg Nowell]

If you say that stocks outperform gdp by an historical
avg of about double, then this cannot be finessed in
your article (well, I suppose you did finesse it, but
you get my meaning), as on the one hand, you say that
SS private funds can't outrun gdp (or imply it), and on
the other hand, you're featuring front and center data
to the contrary.   In other words it's an important
point that should get some ironing before we charge out
into the wider world with it.

Now, for my part, I am in sympathy with the general
drift of the article in any case.  But it doesn't help
when I come away scratching my head.  I'm supposed to
understand "our guys."  Most of the time, anyhow.  -gn

--
Gregory P. Nowell
Associate Professor
Department of Political Science, Milne 100
State University of New York
135 Western Ave.
Albany, New York 12222

Fax 518-442-5298