Some Food For Thought On Consumer Net Worth

| February 16, 2012

It looks like we’ve seen the bounce in consumer net worth and now as we head back the other way, reality may set in! Or… maybe not, it being an election year and all.

Household Net Worth Decreases Only 1%…Small Number Sounds Fishy To Us

| September 16, 2011

But these figures speak for themselves….we continue to expect negative numbers over the next few years, actually into 2014. Net worth for households and non-profit groups decreased by $149 billion, a 1 percent drop at an annual pace, to $58.5 trillion, the Federal Reserve said today in its flow of funds report from Washington. It rose at a 7.4 […]

2001-2010: Ten Year Prelude To The Keynesian End Game

| March 19, 2011

Notice if you will, the house in the chart below is upside down… appropriate! One hundred years of the government’s attempts to mute the natural business cycle are slowly and painfully coming to an end.  A period where the government proactively encouraged consumption until it became 70% of the economy, we produced very little, and […]

Are We There Yet? Nope, We Likely Still Have A Ways To Go On The Austerity Plan

| March 10, 2011

Let’s pay attention to the road….Austerity has a way to go.

Household Wealth Chart

| September 20, 2010

According to calculations from the Federal Reserve, household wealth tumbled a whopping $17 trillion during the crisis – or about 27%. Since the depths of the crisis, however, Americans have recovered about $5 trillion of household wealth. Only $12 trillion to go! For perspective, $12 trillion is nearly equal to one year’s US GDP. It’s […]

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