Comments on: Charting Household Net Worth http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Thu, 18 Mar 2010 17:33:19 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Floyd Norris http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153454 Floyd Norris Sat, 14 Mar 2009 15:29:58 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153454 annual change of household net worth by four-year presidential term. 1952-’56 (Eisenhower) + 5.0 percent 1956-’60 (Eisenhower) +2.9 percent 1960-’64 (Kennedy-Johnson) +4.8 percent 1964-’68 (Johnson) +5.4 percent 1968-’72 (Nixon) +3.2 percent 1972-’76 (Nixon-Ford) -0.1 percent 1976-’80 (Carter) +4.1 percent 1980-’84 (Reagan) +2.6 percent 1984-’88 (Reagan) +5.7 percent 1988-’92 (GHW Bush) +2.0 percent 1992-’96 (Clinton) +4.6 percent 1996-2000 (Clinton) +7.3 percent 2000-’04 (GW Bush) +3.2 percent 2004-’08 (GW Bush) -2.7 percent annual change of household net worth by four-year presidential term.

1952-’56 (Eisenhower) + 5.0 percent
1956-’60 (Eisenhower) +2.9 percent
1960-’64 (Kennedy-Johnson) +4.8 percent
1964-’68 (Johnson) +5.4 percent
1968-’72 (Nixon) +3.2 percent
1972-’76 (Nixon-Ford) -0.1 percent
1976-’80 (Carter) +4.1 percent
1980-’84 (Reagan) +2.6 percent
1984-’88 (Reagan) +5.7 percent
1988-’92 (GHW Bush) +2.0 percent
1992-’96 (Clinton) +4.6 percent
1996-2000 (Clinton) +7.3 percent
2000-’04 (GW Bush) +3.2 percent
2004-’08 (GW Bush) -2.7 percent

]]> By: try2bamused http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153378 try2bamused Sat, 14 Mar 2009 00:11:58 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153378 "On a percentage basis, this means Debt/GDP is presently rising at an accelerating rate." This should come as absolutely no surprise. Debt compounds and therefore grows exponentially. At some point, the growth becomes asymptotic, and the curve collapses. We are at that point now. “On a percentage basis, this means Debt/GDP is presently rising at an accelerating rate.”

This should come as absolutely no surprise. Debt compounds and therefore grows exponentially. At some point, the growth becomes asymptotic, and the curve collapses.

We are at that point now.

]]> By: Theodore D. http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153360 Theodore D. Fri, 13 Mar 2009 22:58:00 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153360 Here is the correct chart: http://optionarmageddon.ml-implode.com/wp-content/uploads/2009/03/slide18.jpg Here is the correct chart:

http://optionarmageddon.ml-implode.com/wp-content/uploads/2009/03/slide18.jpg

]]> By: Theodore D. http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153359 Theodore D. Fri, 13 Mar 2009 22:56:15 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153359 This chart tells the real story too bad I can't use it because of its visual flaws. Also it would be nice to see where the chart got its numbers from. This chart tells the real story too bad I can’t use it because of its visual flaws. Also it would be nice to see where the chart got its numbers from.

]]> By: Greg0658 http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153301 Greg0658 Fri, 13 Mar 2009 19:55:47 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153301 ps - WWII comparison .. World, it bothers me that while I was busy doing my job building buildings and refueling power plants my nation of brothers were building financial weapons of mass destruction coupled with military weapons of minor medium and mass destruction. I hope we get our act together before the world makes US the next theatre !! What a mess .. What's a fix .. oh ya more credit. That is not an opening GOP, your global view is a big part of the problem, corporate growth over country. We don't get Bloomberg TV here .. so this crisis has me follow'g the business channel available .... so CNBC this pss (paraphrased) "the public is villainizing the Upper Echelon and Wall Street and forgetting their role in all this" PLEase .. 3-Mile Island .. did the nuclear industry beg off responsibility (blame the electricity customer .. maybe but doubtful) ps – WWII comparison .. World, it bothers me that while I was busy doing my job building buildings and refueling power plants my nation of brothers were building financial weapons of mass destruction coupled with military weapons of minor medium and mass destruction.

I hope we get our act together before the world makes US the next theatre !! What a mess .. What’s a fix .. oh ya more credit.
That is not an opening GOP, your global view is a big part of the problem, corporate growth over country.

We don’t get Bloomberg TV here .. so this crisis has me follow’g the business channel available …. so CNBC this pss (paraphrased) “the public is villainizing the Upper Echelon and Wall Street and forgetting their role in all this”

PLEase .. 3-Mile Island .. did the nuclear industry beg off responsibility (blame the electricity customer .. maybe but doubtful)

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153294 Mark E Hoffer Fri, 13 Mar 2009 19:37:52 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153294 "it has been rapidly increasing since 1997" Clinton return of serve for '96 campaign contribs..continued MFN for China, and then some.. “it has been rapidly increasing since 1997″

Clinton return of serve for ‘96 campaign contribs..continued MFN for China, and then some..

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153292 Mark E Hoffer Fri, 13 Mar 2009 19:35:00 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153292 DL, to your point re: USTreas funding maturities. this flick, from '81: http://www.imdb.com/title/tt0083006/ has a telling plot-line, should be 'dug up and viewed'.. DL,

to your point re: USTreas funding maturities.

this flick, from ‘81: http://www.imdb.com/title/tt0083006/

has a telling plot-line, should be ‘dug up and viewed’..

]]> By: Al Czervik http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153291 Al Czervik Fri, 13 Mar 2009 19:31:32 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153291 The graph of debt as a % of GDP is interesting. Since 1980, debt as a % of GDP increased by roughly 95% over 20 years of Republicans in the WH (3.3%/year) and roughly 15% over the 8 Clinton years (1.4%/year). I don't know if that's merely correlation or if causation is involved, but it's interesting none-the-less. The graph of debt as a % of GDP is interesting. Since 1980, debt as a % of GDP increased by roughly 95% over 20 years of Republicans in the WH (3.3%/year) and roughly 15% over the 8 Clinton years (1.4%/year).

I don’t know if that’s merely correlation or if causation is involved, but it’s interesting none-the-less.

]]> By: Greg0658 http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153284 Greg0658 Fri, 13 Mar 2009 19:17:28 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153284 I just heard CNBC ramble thru trade deficit figures stop'g short of when the last time we here in the good'ole USA had a Trade Surplus. Thought I'd check it out, rather than ask. Seems we are proud of only -$36B this past month. http://en.wikipedia.org/wiki/Trade_deficit United States trade deficit (1991-2005). The United States has posted a trade deficit since the late 1960s (and trade deficits in the late 1960s forced the US off the so-called gold standard in 1971), and it has been rapidly increasing since 1997. The US trade deficit hit a record high of 817.3 billion dollars in 2006, up from 767.5 billion dollars in 2005. The problem we have here in the good'ole USA is we are not country oriented any longer. Corporate culture has us ... well We dropped the A to just US ...... a few play I. I just heard CNBC ramble thru trade deficit figures stop’g short of when the last time we here in the good’ole USA had a Trade Surplus. Thought I’d check it out, rather than ask. Seems we are proud of only -$36B this past month.

http://en.wikipedia.org/wiki/Trade_deficit
United States trade deficit (1991-2005). The United States has posted a trade deficit since the late 1960s (and trade deficits in the late 1960s forced the US off the so-called gold standard in 1971), and it has been rapidly increasing since 1997. The US trade deficit hit a record high of 817.3 billion dollars in 2006, up from 767.5 billion dollars in 2005.

The problem we have here in the good’ole USA is we are not country oriented any longer. Corporate culture has us … well We dropped the A to just US …… a few play I.

]]> By: DL http://www.ritholtz.com/blog/2009/03/charting-household-net-worth/comment-page-1/#comment-153282 DL Fri, 13 Mar 2009 19:16:16 +0000 http://www.ritholtz.com/blog/?p=21705#comment-153282 VennData @ 3:06 Even if the Swiss government is willing to give up on financial services as a source of revenue (which I doubt), there are still a lot of other tax haven countries. VennData @ 3:06

Even if the Swiss government is willing to give up on financial services as a source of revenue (which I doubt), there are still a lot of other tax haven countries.

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