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The danger zone represents periods where the change in net worth over a given year actually exceeds all wages and salaries for the year. Here is a comprehensive list of the periods when that has happened.
1. The late 1990s (dotcom prices only go up bubble).
2. The mid 2000s (housing prices only go up bubble).
3. The early 2010s (nothing bad ever happens in ZIRP bubble).
You don't have time to think up there. If you think, you're dead. - Maverick, Top Gun (1986)
As always, this is not investment advice. That said, "Holy @#$%, it's Viper!"
Source Data:
St. Louis Fed: Custom Chart
2 comments:
Iceman: those miles traveled look like they are sort of turning up.
Goose: Watch out, bogey at 3 o'clock.
Iceman: that's just a choppy recovery on the radar, put your shades on, it's so bright up here.
Goose: Incoming!
LOL.
Mr Slippery,
Hahaha!
Maverick: I feel the need...
Maverick, Goose: ... the need to reduce speed to conserve fuel in this $90+ oil world we live in and let's not forget that traveling fewer miles will also help reduce costs which could reduce the likelihood of the military replacing 25% of its pilots with advanced automated drone technology thereby reducing its staffing and requiring us to work part-time like many civilians need to do because earning something is still better than earning nothing and on the off chance that we can't even get food service jobs or retail sales jobs in the future because they too have been automated then at least we can know that we did our part to not waste oil when we had the chance!
Rumor has it that the quote comes from Top Gun 2. (I'm staring the rumor right now, lol.)
It's going to be a really long movie with all those disclaimers and run-on sentences of course, but that's good because it should help boost concession sales with all those frequent intermissions. ;)
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