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June 12, 2015
The number that makes us bullish on America: $99 trillion
Household net worth is now more than six times as large as annual disposable income, near a record.
I am almost as bullish on America now as I was when the record was actually set in the 4th quarter of 2006! I kid you not.
Of course, that's not saying much. I owned no overpriced stocks at the time and just three quarters later I started this Illusion of Prosperity blog (3rd quarter of 2007).
But hey, if a near record net worth to disposable income ratio gives you a warm and fuzzy bullish feeling about the future, then who am I to pop your bubble?
I always say, buy high and sell higher. - Suze Orman, April 2000
What could possibly go wrong again, again?
Can we also assume that "they" were bearish on America when household net worth was in the toilet back in 2009? Or is this just another one of those optimistic articles based on magical unicorns and pixie dust (as opposed to hard science and logic)?
And lastly, do you want to know what makes me bullish on America? 7 years of ZIRP! As a saver, what is it about the number seven that makes me feel so lucky?
Realtor.com Reports Active Inventory Up 26.1% YoY
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*What this means:* On a weekly basis, Realtor.com reports the
year-over-year change in active inventory and new listings. On a monthly
basis, they report t...
1 hour ago
3 comments:
Yeah, Maria and friends are always even keel and have warned of every impending recession about 18 months after the recession has started and can no longer be denied. I look forward to their amazing hindsight again!
Mr Slippery,
Speaking of even keels, the next recession will be "contained". If you are interested in converting some of your paper net worth into something tangible, then check out that ship "listing". Can't lose! Invest for the future! ;)
From the link:
The government has demanded to know why the ship crashed into the well-charted reef in calm weather, but the vessel's owner has given no explanation.
Well, the captain could always try the following explanation.
"If nobody takes excessive risks, then the whole global economy falls apart."
Heck, might even land him a new job at the Federal Reserve, lol. Sigh.
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