I saw this on Bloomberg today in an editorial. Found the Fed source link with a search. It surprised me, so I thought I'd share.
$this->bbcode_second_pass_quote('', '
') Household Debt Service Payments as a Percent of Disposable Personal Income
PeakOil is You
Reports of US Economic Demise Greatly Exaggerated Pt 4
Re: Reports of US Economic Demise Greatly Exaggerated Pt 4
by Outcast_Searcher » Fri 19 May 2017, 17:57:43
https://fred.stlouisfed.org/series/TDSP
In recent years (up to Q4-2016, which is where the chart ends), this has been hovering near 10%, according to the FED.
This is lower than the entire period From 1980[/b] (where the chart begins) through 2011.
With all the histrionics about collapsing under all the US consumer debt, this seems like very good news to me. But I'm sure doomers can tell us why it's a scam or doesn't matter...
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
-
Outcast_Searcher - COB
- Posts: 10142
- Joined: Sat 27 Jun 2009, 21:26:42
- Location: Central KY
Re: Reports of US Economic Demise Greatly Exaggerated Pt 4
by onlooker » Wed 24 May 2017, 17:33:12
You do not have the required permissions to view the files attached to this post.
"We are mortal beings doomed to die
-
onlooker - Fission
- Posts: 10957
- Joined: Sun 10 Nov 2013, 13:49:04
- Location: NY, USA
Re: Reports of US Economic Demise Greatly Exaggerated Pt 4
by onlooker » Fri 02 Jun 2017, 11:37:33
For the cornies and doomers
Lots of jobs but crummy ones
http://www.zerohedge.com/news/2017-06-0 ... wage-again
Lots of jobs but crummy ones
http://www.zerohedge.com/news/2017-06-0 ... wage-again
"We are mortal beings doomed to die
-
onlooker - Fission
- Posts: 10957
- Joined: Sun 10 Nov 2013, 13:49:04
- Location: NY, USA
Re: Reports of US Economic Demise Greatly Exaggerated Pt 4
by Cog » Fri 02 Jun 2017, 12:00:35
Zerohedge's ability to predict doom is even worse than the doomer's predictions on this board. Which is saying quite a lot actually.
-
Cog - Fusion
- Posts: 13416
- Joined: Sat 17 May 2008, 03:00:00
- Location: Northern Kekistan
Re: Reports of US Economic Demise Greatly Exaggerated Pt 4
by Outcast_Searcher » Fri 02 Jun 2017, 16:11:00
$this->bbcode_second_pass_quote('onlooker', '[')attachment=0]18519937_1345311028884390_8840767384150343908_n.jpg
If the post mixes inflation adjusted figures (like for the minimum wage, since the minimum wage was $2.30 in 1978), and nominal figures for things impacted by inflation like housing, why bother?
The post becomes complete nonsense with an obvious use of distortion to try to cast a doomer slant on things.
It's true that the inflation for healthcare and college tuition has been huge compared to the wage gains of the vast majority of people in the US. If that's your message, why not just post the simple truth of that?
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
-
Outcast_Searcher - COB
- Posts: 10142
- Joined: Sat 27 Jun 2009, 21:26:42
- Location: Central KY
Re: Reports of US Economic Demise Greatly Exaggerated Pt 4
by copious.abundance » Sat 03 Jun 2017, 18:09:32
The typical U.S. household at last has more income than 17 years ago
$this->bbcode_second_pass_quote('', 'F')or the first time since the U.S. entered the worst recession of the post-war era, the typical U.S. household has more income than it did when the century started.
Sentier Research reports that median annual household income, adjusted for inflation, was $59,361 in April, a big 1% gain from March and a statistically significant move.
More significantly, it’s above the $58,846 level from January 2000, when Sentier first started tabulating the series, and 2.1% above where it stood when the U.S. entered the Great Recession in December 2007.
The recent gains from the 2011 bottom reflect low levels of inflation, as well as a slow upward increase in wages as the labor market tightens.
$this->bbcode_second_pass_quote('', 'F')or the first time since the U.S. entered the worst recession of the post-war era, the typical U.S. household has more income than it did when the century started.
Sentier Research reports that median annual household income, adjusted for inflation, was $59,361 in April, a big 1% gain from March and a statistically significant move.
More significantly, it’s above the $58,846 level from January 2000, when Sentier first started tabulating the series, and 2.1% above where it stood when the U.S. entered the Great Recession in December 2007.
The recent gains from the 2011 bottom reflect low levels of inflation, as well as a slow upward increase in wages as the labor market tightens.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
-
copious.abundance - Fission
- Posts: 9589
- Joined: Wed 26 Mar 2008, 03:00:00
- Location: Cornucopia
Or visa versa?
