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By way of comparison, we kept savings in CDs until the rate dropped below 2%, so, empiracally, our "required rate of return" would be >2%. Rates at local banks are below 1%.  Really, one needs about 4% just to maintain purchasing power. I have seen comments to the effect that real returns are about negative 2%. Food has certainly become more expensive in stores and the cost of medical care and education keeps rising.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Dec 19th, 2011 at 08:29:22 AM EST
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