Now, although this chart doesn't include years 2002-2008, it still gets across a simple point. Stocks have outperformed over time with a constant after-inflation rate of return. The dollar, conversely, has slowly but surely been an excellent short over the years. Hat tip to Paul Kedrosky for initially highlighting Jeremy Siegel's book Stocks for the Long Run in one of his linkfests.
(click to enlarge)
