History of the United States

Growth of GDP per Capita vs Stock Prices since 1871

by Catherine Mulbrandon

in Bubbles, History of the United States, VE Infographics

Comparing Real GDP per Capita growth to the real growth in S&P Composite (price only). However, the stock price series is adjusted for inflation using CPI-U while the GDP per Capita (from MesuringWorth.com) is adjusted with the GDP Deflator.

Annualized growth rate of since 1871:
Real GDP per Capita = 2.0%
Real stock price return = 1.9%
compared to
Real total return with dividends reinvested = 6.2%

Data from MeasuringWorth.com and IrrationalExuberance.com

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Long-term real growth in US GDP per capita 1871-2009

by Catherine Mulbrandon

in Bubbles, History of the United States, VE Infographics

New graph I created looking at long-term growth of US GDP per capita, very similar to my earlier graph of US GDP. Will post log version later this week.

Data from MeasuringWorth.com

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Effect of Dividends Reinvested on US Stock Returns since 1871

by Catherine Mulbrandon

in Bubbles, History of the United States, VE Infographics

Another version of my stock graph. Instead of the nominal price index from yesterday’s post, I am comparing real price index to the real total return (price change with dividends reinvested) since 1871. Both series are adjusted for inflation.

Annualized growth rate of since 1871:
Real total return with dividends reinvested = 6.2%
Real stock price return = 1.9%

You can find data at IrrationalExuberance.com & MeasuringWorth.com

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Effect of Inflation on S&P Price Return (1871-2010)

by Catherine Mulbrandon

in Bubbles, History of the United States, VE Infographics

I modified my original US stock prices graph to compare the growth rate of real growth (adjusted for inflation) in S&P Composite Index with the nominal price growth.

Annualized growth rate of since 1871:
Nominal stock price return= 4.0%
Real stock price return = 1.9%