Showing posts with label net worth. Show all posts
Showing posts with label net worth. Show all posts
Sunday, February 4, 2024

This is your periodic reminder that the net worth of U.S. households is $151 trillion but there's only $2.3 trillion fiat currency in circulation anyway

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https://fred.stlouisfed.org/series/TNWBSHNO https://fred.stlouisfed.org/series/CURRCIR  Meanwhile all the gold and silver in the world har...
Monday, July 26, 2021

You idiots who attend the Vaccine Church have just helped mint 9 new pharma-billionaires

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Pandemic sweeps the nation. Fascist America under Trump mobilizes pharmaceutical industry to rush vaccines into development, investing billi...
Sunday, September 23, 2018

Dianne Feinstein shouldn't only be censured by the US Senate, California voters should vote for her opponent in November

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From the story here : Regardless of the fate of Brett Kavanaugh’s nomination, the Senate should censure the ranking Democratic member ...
Thursday, December 7, 2017

Sum Ting Wong: Low top marginal tax rates since 1986 have NOT delivered

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Low top marginal tax rates have NOT delivered since 1986. The average top marginal rate has been 38% for the last thirty years, 49...
Thursday, September 24, 2015

Trump's critics of his investment success need to get a new calculator, and some brains

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This morning on the Chris Plante Show on WMAL a caller complained that Trump inherited $200 million and that anyone could have $10 billi...
Monday, September 21, 2015

Gov. Scott Walker has large personal debt problems, consistent with reports of his negative net worth

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Reported here : "The Re­pub­lic­an pres­id­en­tial can­did­ate has cast him­self as both a fisc­al con­ser­vat­ive lead­er and a ...
Sunday, September 20, 2015

Estimated net worth of Democrats for president in 2016

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Chafee $43 million Clinton $21.5 million Warren $6.69 million Webb $4.6 million Biden $600,000 Sanders $330,506

Estimated net worth of Republicans for president in 2016

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Trump $10 billion Fiorina $59 million Carson $10 million Bush $10 million Santorum $5 million Huckabee $5 million Christie $...
Sunday, January 18, 2015

Reuters agrees: the middle class is worse off now than when Obama took office

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Here : Federal Reserve survey data show families in the middle fifth of the income scale now earn less and their net worth is lower th...
Thursday, December 11, 2014

Household net worth declines for first time since 2011

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Monday, October 20, 2014

Net worth of $3,650 puts you in the top half globally

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So quit complaining. Story here .
Tuesday, May 13, 2014

FiveThirtyEight Economists Assert But Don't Demonstrate Distributional Characteristics Of Great Recession Spending Pullback

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I refer to "Why the Housing Bubble Tanked the Economy And the Tech Bubble Didn’t" by AMIR SUFI and ATIF MIAN, here , where they ba...
Thursday, March 6, 2014

Total Household Net Worth Rises About 3.5% In Real Terms Since April 2007 Through The Last Quarter Of 2013

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I used all items CPI of about 13.17% from April 2007 to date, not seasonally adjusted, on April 2007 peak household net worth of $68.82486 t...
Friday, May 31, 2013

Sorry Charlie, Household Net Worth Remains In Depression: Still 15% Off 2007 Peak

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From the newly issued 2012 annual report of the St. Louis Federal Reserve  here , taking the nominal figures in the March Z.1 Flow of Funds ...
Wednesday, April 3, 2013

Gold: Over 60 Million Krugerrands Circulate, More Than All Others Combined

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So says the Rand Refinery's latest brochure, here , showing 2012 mint specimens. Figures through 2008 previously indicated 46 million ou...
Monday, April 1, 2013

Ben Bernanke Is Trying But Failing Miserably At Money Printing

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And it's not exactly his fault. Historically in the postwar period, the increase in Total Credit Market Debt Outstanding (TCMDO) has clo...
Sunday, February 3, 2013

This Is A Depression, Says Dem. Billionaire Mort Zuckerman

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"We believe we live in more normal times—and we do not. Millions of people today are experiencing exactly the same struggle as the mill...
Wednesday, October 3, 2012

On 4th Anniversary Of TARP, 12% Of Banks Are Still In Trouble

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nonperforming bank loans as percentage of total The FDIC reports as of June that it has 7,246 member banks with $14 trillion in assets. Fou...
Tuesday, September 25, 2012

Republicans Still Don't Get It: Obama Is Not Carter Redivivus

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Until the Republican Party comes to grips with the fact that the Bushes were two of the very worst presidents for the economy in the post-wa...
Monday, September 24, 2012

Can Liberals Count? Can Liberals Remember?

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George Bush won Ohio in 2004 by 118,000 votes, but Andrew Sullivan remembers it differently, here : "At this point in 2004, one recalls...