Click to enlarge.
It is not adjusted for inflation, population growth, or income inequality.
See Also:
Real Annual Disposable Personal Income per Capita Growth
Employment Hump Déjà Vu (Musical Tribute)
Source Data:
St. Louis Fed: Personal Income Growth
I can't decide if your chart looks more like a set of sunglasses or a vulture.
ReplyDeleteI'll go with the glasses. Ya know, the future is so effin bright I gotta where shades.
Why not have both! It's a bird and something you wear! ;)
ReplyDeleteAlbatross (metaphor)
In the poem, an albatross starts to follow a ship — being followed by an albatross was generally considered an omen of good luck. However, the titular mariner shoots the albatross with a crossbow, which is regarded as an act that will curse the ship (which indeed suffers terrible mishaps). To punish him, his companions induce him to wear the dead albatross around his neck indefinitely (until they all die from the curse). Thus the albatross can be both an omen of good or bad luck, as well as a metaphor for a burden to be carried as penance.
Monty Python: Albatross
Oops, bad Monty Python link.
ReplyDeleteHere's the correct one.
Monty Python: Albatross
An albatross in golf refers to scoring a 2 on a par 5! It's like a "birdie" but better. It's also better (scorewise) than a hole-in-one on a par 3.
ReplyDeleteIn case you're wondering, I've never had an albatross or a hole-in-one despite playing golf on and off for over 25 years.
I did see someone get a hole in one - sort of. The ball was shanked so far right it went in the cup on the wrong hole! No joke!
in other news, Sears hit a new 52 week low today.
Tens years of Eddie Lampert genius down the drain.
mab,
ReplyDeleteThe ball was shanked so far right it went in the cup on the wrong hole! No joke!
That's hilarious!
A friend and I were fishing in the late 1970s (teenagers). We actually caught a jar of salmon eggs. I kid you not.
I don't remember which one of us caught it, but I do remember the jar. The lid was very rusty (the hook snagged the lid's edge) and the few remaining eggs were "subprime" to put it mildly.
Oh yes, we were proud fishermen that day let me tell you. Biggest bait fishermen this side of the Mississippi! Hahaha! :)
meanwhile the housing ratchet tightens:
ReplyDeletehttp://research.stlouisfed.org/fred2/graph/?g=rHw
monthly per-capita housing expense.
worse for Gen Y since they're still largely renting, at least Gen X and the boomers are (mostly) on the property ladder.
Nobody understands the critical role of land in the economy. That's the way the landowners prefer it, of course.
Sweet, sweet rent. Can't import land, and as Twain said. we can't make any more, either.
Troy,
ReplyDeleteCheck out what happens if we convert your chart to man-hours of production and nonsupervisory earnings.
http://research.stlouisfed.org/fred2/graph/?g=rHP
The turnip's running out of blood.
:quintiles:
ReplyDeleteRob Dawg,
ReplyDeleteYeah. I often picture the Fed Chairman staring at Flow of Funds reports without factoring in that there really aren't that many "average" Americans.
My house is paid off and I have savings. Somewhere out there is my counterpart (large mortgage, no savings). Neither of us is average.
The Fed can entice one of us to spend more but not both of us simultaneously. The less interest I earn, the less I can spend (lest my savings run out before I die). Not complaining. Just pointing out the obvious.
There may come a point where the Fed can't get either of us to spend more. Entering a recession while in ZIRP would seem to qualify.
May we live in zero interest-ing times! Sigh.
Here is something I posted back in 2009.
ReplyDeleteWhy Income Inequality Really Matters
M3. Wasn't important anyway. Right?
ReplyDeleteHow long before velocity of money becomes a national security issue?
Joe football gets a Maserati commercial.
Bifucknation.
I should point out another tidbit about the salmon egg jar catch just to be perfectly clear.
ReplyDeleteWe did not see the jar and then try to catch it. It was a complete surprise when it was reeled in! We were like, "WTF!!!!" Hahaha!
Rob Dawg,
ReplyDeleteHow long before velocity of money becomes a national security issue?
As a video game player, I think most billionaires are like video game players just trying to maximize their scores. At some level, it isn't about the money. It's just about the points.
In other words, I can't be convinced that a person worth $20 billion is twice as well off as one with only $10 billion. They are nearly equally well off. One just has a higher score.
Hey! Where's my dollar?
ReplyDeleteRob Dawg,
ReplyDeleteClint Eastwood's Lesser Known Ramen Westerns:
A Fistfull of Dollar
For a New Dollar More
The Goods, Are Sad, and They're Ugly