The Sarcasm Report v.213

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?