Even if we were to accept that real rates were genuinely very high in the mid-1980’s, then the logical conclusion would be that the stock and housing markets should have been even lower in the 1980’s, not that real prices should be very high in 2005.
即便我们接受实际利率在1980年代中期确实很高的说法，那么由此做出的符合逻辑的结论则是1980年代的股票和房地产市场的价格本应该更低，而不是2005年的实际资产价格应该很高。