riving Asset Returns NYC Mayor's Office of Pensions & Investments 1930-2009 Environment* Eco Growth [Real GDP] Inflation [CPI] 3.3% 3.2% Capital Markets Returns* Equity Long Treasury Crude Oil 9.6% 5.7% n/a 1950s 1960s 1970s 1980s 1990s 2000s 4.1 2.2 4.4 2.5 19.3 0.4 1.5 7.8 2.8 0.8 3