Notice what happened after the previous peaks in 2000 and 2007. We just set a new all-time record. This is what happens when the Federal Reserve’s easy money policies create bubbles in the stock market while impoverishing the working class. It won’t matter until it matters.
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The economy has lasted a lot longer than I thought it would, but damn, it sure feels like we are getting closer to the tipping point, or not.
What do I know.
Someone please explain the chart to me.
Either Household Net Worth (numerator) is really growing good or Disposable Personal Income (denominator) is sinking like a rock; take a wild ass guess (PS: you’re right).
The top 10% have achieved all the Net Worth gains since the Great Recession but that is mostly tied up in Funds and Stocks, not Disposable.
However, the general population (the 90%) actually receives payroll checks, pensions checks, and Gov’t payouts (SS, Welfare, etc.) and this is Disposable Income.
Since inflation is about 8% and wage increases are about 2%, workers have about 6% less Income each year; in 10 years, that is theoretically 60% less disposable income but people cut what they can (no eating out, movies, trips, vacations, new cars, repairs, new clothes, furniture, appliances, homes, medical, electronics, books, haircuts, utilities, steak, etc), sell stocks etc, and borrow what they can. Hopefully we die before we wind up in a cardboard box on the street.
I have no idea what I did to my browser settings, but in the past week or two there have been a lot of posts here like this one where I cannot see the posted picture in the articles.
The posts that are just a headline and a picture are the most interesting as I try to suss out what the picture may have been based on the comments.
What did I do to my browse settings? I don’t even see one of those little boxes to indicate that there is a picture missing. Strange. I’ve only noticed this behavior on this site.
I have the same problem and just learned how to fix it now. This has to do with displaying “Mixed Content” (secure vs non-secure content). TBP is a secure site (https). When content from a non-secure site is linked in, it may not display, depending on your settings for displaying all content or only secure content. In Internet explorer, it usually prompts you to display all content. In firefox, you’ll see a padlock to the left of the address bar. it may have a warning triangle with it. hit the “i” icon and hit “Disable protection for this session.” You can probably set it permanently by giving it permissions, but I haven’t dug in deep enough yet.
https://support.mozilla.org/en-US/kb/how-do-i-tell-if-my-connection-is-secure