I haven’t Read or Studied the Real
Rates return graph of the triumphal trio yet but every since their work appeared in 1997 which I first popularize dand reviewed they have been presenting work that pushed the expected return down by 5% or so a ear. I call it the English disease. I have tried to counter this but they always have a new argument. they are like shiller in that content. I am not as facile now as I was 20 years ago, but I will find time and they ability to understand their real return graph and then will serif it part of the English disease. However, no one has more respect for the triumphal trio than I .