TABLE I
Index of Year-End Cumulative Wealth Relatives, 1949-76
Year |
Common Stocks |
Commodity Futures |
Number of Commodities |
Long Term Government Bonds |
US |
Consumer Price Index |
1949 |
1.000 |
1.000 |
- |
1.000 |
1.000 |
1.000 |
1950 |
1.317 |
1.526 |
10 |
1.000 |
1.012 |
1.058 |
1951 |
1.633 |
1.934 |
10 |
0.51 |
1.027 |
1.121 |
1952 |
1.933 |
1.910 |
10 |
0.972 |
1.044 |
1.131 |
1953 |
1.914 |
1.789 |
10 |
1.007 |
1.063 |
1.137 |
1954 |
2.922 |
2.056 |
13 |
1.080 |
1.073 |
1.132 |
1955 |
3.844 |
1.957 |
13 |
1.066 |
1.089 |
1.136 |
1956 |
4.096 |
2.246 |
13 |
1.006 |
1.116 |
1.168 |
1957 |
3.654 |
2.193 |
13 |
1.081 |
1.151 |
1.204 |
1958 |
5.239 |
2.164 |
15 |
1.016 |
1.169 |
1.225 |
1959 |
5.863 |
2.176 |
13 |
0.993 |
1.203 |
1.244 |
1960 |
5.892 |
2.174 |
13 |
1.129 |
1.235 |
1.262 |
1961 |
7.477 |
Z.208 |
13 |
1.140 |
1.262 |
1.270 |
1962 |
6.824 |
2.227 |
13 |
1.219 |
1.296 |
1.286 |
1963 |
8.380 |
2.735 |
13 |
1.213 |
1.337 |
1.307 |
1964 |
9.762 |
3.067 |
14 |
1.277 |
1.383 |
1.322 |
1965 |
10.977 |
3.393 |
16 |
1.286 |
1.438 |
1.348 |
1966 |
9.872 |
3.890 |
17 |
1.333 |
1.506 |
1.393 |
1967 |
12.239 |
4.050 |
19 |
1.210 |
1.570 |
1.436 |
1968 |
13.593 |
4.101 |
19 |
1.207 |
1.651 |
1.503 |
1969 |
12.437 |
4.955 |
21 |
1.146 |
1.760 |
1.595 |
1970 |
12.935 |
5.550 |
22 |
1.285 |
1.877 |
1.693 |
1971 |
14.787 |
5.734 |
23 |
1.454 |
1.957 |
1.739 |
1972 |
17.592 |
7.666 |
23 |
1.537 |
2.032 |
1.799 |
1973 |
15.013 |
15.45 |
23 |
1.520 |
2.174 |
1.957 |
1974 |
11.037 |
20.38 |
23 |
1.586 |
2.347 |
2.196 |
1975 |
15.144 |
19.57 |
23 |
1.732 |
2.483 |
2.350 |
1976 |
18.754 |
22.06 |
23 |
2.022 |
2.609 |
2.463 |