"private-sector analyst Truflation had inflation under 1%."
That's crazy, as anyone who is a buyer of groceries or just about anything else can see.
Since September 2024, the Fed has lowered the one rate it controls, the short-term federal-funds rate, by 175 basis points. The money supply has now increased for 28 straight months.
Prices rise when the money supply rises faster than the production of goods.
"According to the Fed’s own Survey of Consumer Finances, the average 55-64 year old household is worth approximately $1.57 million. Invested at 6% per year, that’s over $90,000 a year without running down a dime of principal."
Well yes but as I understand it, the bulk of that net worth is actually in the property they live in. I would be very surprised if the average 55-64 YO household these days had that amount in liquid investable funds.
Point of order/data. The mean/average wealth and equating all of that to stocks is a double misuse of that data. The median gives a better picture, given the ultra-rich distort the true view of that info. At last check, the average portfolio of 55-to 65-year-olds was roughly $250k, not $1.5 million.
That brings us to the second point: even for those with high net worth, much of that is locked up in their home value.
Interesting article! I'd not read about the specific inaccuracies of these various statistics. It almost seems like maneuvering a battleship based on "feelings".
I'm interested to read more about; "Which makes it a splended time for Kevin Warsh to announce a true “regime change” -- get the Fed out of the business of manipulating interest rates." What does this look like?
Disability up big time since jab rollout. Ed Dowd has tracked it for years.
Good point on average net worth vs. median. High net worth skews the average. Non liquid assets need to be sold to generate income. Then one might rent rather than purchase another residence of lower cost.
No one seems to recognize the fact that the scamdimic/the vax killed millions of workers and disabled millions more...add to that the vast government free money programs..there are lots of jobs out there..but no one wants or is qualified to do them. They have been programed for free money and thinking that they are too valuable to actually work. They want to start at the top instead of learning the business and working their way up.
The declining health hypothesis seems reasonable. Check out the St. Louis Fed Disability plot:
https://fred.stlouisfed.org/series/LNU00074597
What caused the inflection point in 2021?
"private-sector analyst Truflation had inflation under 1%."
That's crazy, as anyone who is a buyer of groceries or just about anything else can see.
Since September 2024, the Fed has lowered the one rate it controls, the short-term federal-funds rate, by 175 basis points. The money supply has now increased for 28 straight months.
Prices rise when the money supply rises faster than the production of goods.
My internet provider raised my bill another 10% this month. 1% inflation? Maybe if you are not a consumer somehow.
"According to the Fed’s own Survey of Consumer Finances, the average 55-64 year old household is worth approximately $1.57 million. Invested at 6% per year, that’s over $90,000 a year without running down a dime of principal."
Well yes but as I understand it, the bulk of that net worth is actually in the property they live in. I would be very surprised if the average 55-64 YO household these days had that amount in liquid investable funds.
Good point. The 6% a year is probably on a considerably smaller amount, like about 500,000 after taking out for the residence, so maybe $30,000/yr.
Point of order/data. The mean/average wealth and equating all of that to stocks is a double misuse of that data. The median gives a better picture, given the ultra-rich distort the true view of that info. At last check, the average portfolio of 55-to 65-year-olds was roughly $250k, not $1.5 million.
That brings us to the second point: even for those with high net worth, much of that is locked up in their home value.
Interesting article! I'd not read about the specific inaccuracies of these various statistics. It almost seems like maneuvering a battleship based on "feelings".
I'm interested to read more about; "Which makes it a splended time for Kevin Warsh to announce a true “regime change” -- get the Fed out of the business of manipulating interest rates." What does this look like?
Quality read as always.
https://eddowdbeyondthenarrative.substack.com/p/us-disabilities-hit-an-all-time-high?utm_source=share&utm_medium=android&r=pq0qo
Disability up big time since jab rollout. Ed Dowd has tracked it for years.
Good point on average net worth vs. median. High net worth skews the average. Non liquid assets need to be sold to generate income. Then one might rent rather than purchase another residence of lower cost.
No one seems to recognize the fact that the scamdimic/the vax killed millions of workers and disabled millions more...add to that the vast government free money programs..there are lots of jobs out there..but no one wants or is qualified to do them. They have been programed for free money and thinking that they are too valuable to actually work. They want to start at the top instead of learning the business and working their way up.
All that means is more people are giving up looking for work.