January 10, 2018

janusobserver12

8 years ago

Perspective

WSJ – Daily Shot: Deutsche Bank – Road Quality by US State 2016 1/9

“Revolution is the ultimate Black Swan.”
“Thirty percent of U.S. households have zero or negative non-home wealth. One thing is certain; this is not the location of the ‘cash on the sidelines’.”
“Unfortunately, wealth inequality is a feature, not a bug, of democracy and capitalism.”
“’According to research from the New York University economist Edward Wolff, the top 10 percent of American households now own 84% of all stocks. That’s up from 77% ownership in 2001′.”
“90% of America barely participated in the massive bull market the last several years.”
“’The majority of middle-class wealth is tied to homes, as more than 60% of investible assets are in a primary residence. Stock ownership makes up less than 10% of total assets for the middle class’.”
But do you have the fortitude to suffer the draw-downs…
“The men who can manage men manage the men who can manage only things, and the men who can manage money manage all.” – Will and Ariel Durant

“The China scholar Perry Link once called the party ‘the anaconda in the chandelier’.”
“Just by hovering, it induces self-censorship and subtle behavioral changes.”
“‘Normally the great snake doesn’t move. It doesn’t have to,’ Mr. Perry wrote in a 2002 essay in the New York Review of Books.”
“‘Its constant silent message is ‘You yourself decide.””

WSJ – Daily Shot: US Consumer Credit Net Change 1/8

WSJ – Daily Shot: FRED – Total US Consumer Credit Relative to Disposable Personal Income 1/8

WSJ – Daily Shot: Piper Jaffray – US Consumers living beyond their means 1/8

WSJ – Daily Shot: FRED – Total Consumer Loans by Credit Unions 1/8

WSJ – Daily Shot: FRED – Total US Student Loan Balance 1/8

WSJ – Daily Shot: US Financial Accounts Q3 2017 1/8

WSJ – Daily Shot: Piper Jaffray – Consumer Confidence & Savings Rate Gap 1/8

“There is a widening gap between consumer sentiment and the savings rate. In the past, this divergence was a precursor to the end of the economic cycle.”