Tag Archives: Household Net Worth

When 50 Percent Of U.S. Households Were Insolvent

Not that long ago, by the way. My good friend, David Jones, sent over some new data this past weekend.  We have been busy. Our First Take Not a lot of prose tonight as we will let the data and … Continue reading

Posted in China, Economics, Policy, Politics, Uncategorized | Tagged , , , | 1 Comment

Asset Prices Divorced From Economic Reality More Than Ever

You would never know it listening to the market cheerleaders but asset prices, both real and financial, are, once again, at extreme valuation levels relative to the trend economy.  The valuation reality coupled with the prevailing, but false, “don’t worry” … Continue reading

Posted in Economics, Equity, Uncategorized | Tagged , , | 34 Comments

America’s Bubble Dependent Economy

Interesting chart (which we marked up) from the JEC of the U.S. Congress illustrating household net worth as a percent personal income.   If that doesn’t look like a head and shoulders formation in the making, nothing does! The second chart … Continue reading

Posted in Economics, Employment, Politics, Wages | Tagged , , | 5 Comments