r dropping below g isn't "unwinding". r has been falling for decades now. The world is awash in capital.
r>g, not r<g. In 2025 GDP grew 2.1% and SPY grew 17.7%, which is the pattern recently and throughout time.
alt Hacker News
r>g, not r<g. In 2025 GDP grew 2.1% and SPY grew 17.7%, which is the pattern recently and throughout time.