Wednesday, March 9, 2011

The United States Stock Market - Exponential Growth Rate since 1871

Long term real growth in US stocks adjusted for inflation using stock market data from Irrational Exuberance, a book written by Rober Shiller. This book look into the reasons why bubbles form in stock markets and housing markets. You can find more about the subject on Shiller's web site at

As you can see from the graph, the stock market in the United States has been growing exponential since 1871, and considerably more than commodity prices (not shown) during the time period:

Click on the image to get a larger picture.

Sournce: VisualizingEconomics /

Geir Solem
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