Zeev's Turnips Patch-No Politics (ZEEV)

[obiad]

RE: "I'm speaking of the technology aged economy."

Technology has always been around and has always had profound effect on economy and society in general. During past 200 years covered by the chart there have been countless technological inventions and many have been revolutionary. The steam engine, the internal combustion engine, light bulb, telephone, telegraph, television, transistor, just to name a few of the more obvious important innovations. There is nothing "special" about the internet, or wireless, or any of the "New Economy" technologies. They are just additional innovations in a long series that have eased the life of many but also fed the greed of others.

RE: "That chart is totally unreasonable, illogical, and very extreme in nature"

What is so unreasonable, illogical, and extreme about it ? From 1800 to present it suggests a roughly 2% compounded rise in trendline average. Combine that with average dividend yield which historically has been around 4% and you get net 6% return which is well in line with historical real returns.