Household wealth in the U.S. climbs to a record

[Uncensored2008]

Up $20 trillion dollars since 2009...

Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.

More jobs, higher stock prices and improved home values have all helped consumers clean up their balance sheets in the years following the biggest recession since the Great Depression. Additional gains in the labor market and household wealth will be needed to give consumers the means to spend on goods and services, boosting economic growth.

Household Worth in U.S. Climbs by $2.95 Trillion to Record - Bloomberg

70% of the stock market is owned by the upper 5%. The rest is primarily owned through 401K plans, (which are nothing but ways to screw the middle class out of their money with exorbitant fees and regulations where they can't touch the money).

Home prices are artificially going up again, but only in a few markets, like New York and California. Homeowners may feel better about this but at the end of the day, they can't eat their house. They might be able to sell it, but then they are stuck trying to buy a new house that is ALSO artificially inflated in price.

This article is bullshit, and I'm a fan of Bloomberg news. Shame on them.

Oh goddamn!

That was a well reasoned reply....


Are you feeling alright?

 

[Harry Dresden]

So Conservatives...

The WORST President in US History presides over a $40 trillion swing in personal wealth and all you can do is sputter?

like you said earlier RW.....who is the main recipient of that wealth?.....

A great question

As I answered earlier, the overwhelming majority of that $20 trillion Obama economic boom went to our most wealthy Americans. So what do we do about it?
Should we confiscate wealth and give it to the poor?
Of course not
But we need to stop listening to rightwing whimpering about the economic state of our wealthiest Americans. $20 trillion ain't chopped liver
We need to increase individual and capital gains taxes. Do we give that money to the poor? of course not
We invest that money in infrastructure. Roads, bridges, tunnels, MAINTENANCE, power grid, our crappy Internet, communications.....
This results in JOBS and increased wages as we insist on labor standards for those who get those contracts

ok....so in the meantime...since the wealthy are STILL the biggest recipient of all this "wealth"....should i jump up and down like Chris and Dean were doing and be happy the Millionaires just made a ton more money?.....

 

[rightwinger]

like you said earlier RW.....who is the main recipient of that wealth?.....

A great question

As I answered earlier, the overwhelming majority of that $20 trillion Obama economic boom went to our most wealthy Americans. So what do we do about it?
Should we confiscate wealth and give it to the poor?
Of course not
But we need to stop listening to rightwing whimpering about the economic state of our wealthiest Americans. $20 trillion ain't chopped liver
We need to increase individual and capital gains taxes. Do we give that money to the poor? of course not
We invest that money in infrastructure. Roads, bridges, tunnels, MAINTENANCE, power grid, our crappy Internet, communications.....
This results in JOBS and increased wages as we insist on labor standards for those who get those contracts

ok....so in the meantime...since the wealthy are STILL the biggest recipient of all this "wealth"....should i jump up and down like Chris and Dean were doing and be happy the Millionaires just made a ton more money?.....

I made a ton of money. My 401k more than doubled and I was able to buy a second house at record low prices and record low interest rates

Thanks Obama

 

[Harry Dresden]

A great question

As I answered earlier, the overwhelming majority of that $20 trillion Obama economic boom went to our most wealthy Americans. So what do we do about it?
Should we confiscate wealth and give it to the poor?
Of course not
But we need to stop listening to rightwing whimpering about the economic state of our wealthiest Americans. $20 trillion ain't chopped liver
We need to increase individual and capital gains taxes. Do we give that money to the poor? of course not
We invest that money in infrastructure. Roads, bridges, tunnels, MAINTENANCE, power grid, our crappy Internet, communications.....
This results in JOBS and increased wages as we insist on labor standards for those who get those contracts

ok....so in the meantime...since the wealthy are STILL the biggest recipient of all this "wealth"....should i jump up and down like Chris and Dean were doing and be happy the Millionaires just made a ton more money?.....

I made a ton of money. My 401k more than doubled and I was able to buy a second house at record low prices and record low interest rates

Thanks Obama

your reply sure as hell aint in line with all these concerned liberals who are so concerned with the regular smucks and fuck the guys making big bucks...at least your not afraid to say so.....i know Chris sure as hell would not admit that....i myself have made out....our building has regained the $300,000.00 it had lost and its still supposed to go up another 10 to 14% this year which will put its value at around a mill.....

 

[rightwinger]

ok....so in the meantime...since the wealthy are STILL the biggest recipient of all this "wealth"....should i jump up and down like Chris and Dean were doing and be happy the Millionaires just made a ton more money?.....

I made a ton of money. My 401k more than doubled and I was able to buy a second house at record low prices and record low interest rates

Thanks Obama

your reply sure as hell aint in line with all these concerned liberals who are so concerned with the regular smucks and fuck the guys making big bucks...at least your not afraid to say so.....i know Chris sure as hell would not admit that....i myself have made out....our building has regained the $300,000.00 it had lost and its still supposed to go up another 10 to 14% this year which will put its value at around a mill.....

As a society, we operate by the Golden Rule

He who has the gold makes the rules

Any economic gain is going to benefit those who have the money to place in proper place. If you are not positioned to take advantage of an upturn or downturn.....you are fucked

But who gives a fuck? We cant raise a pathetic minimum wage. We call healthcare for the masses socialism. Education is out of reach for the low working class. Even if you have a college degree, you can't get a career to support yourself

But we have an endless pool of low cost and desperate employees to feed the wealthy

 

[Harry Dresden]

I made a ton of money. My 401k more than doubled and I was able to buy a second house at record low prices and record low interest rates

Thanks Obama

your reply sure as hell aint in line with all these concerned liberals who are so concerned with the regular smucks and fuck the guys making big bucks...at least your not afraid to say so.....i know Chris sure as hell would not admit that....i myself have made out....our building has regained the $300,000.00 it had lost and its still supposed to go up another 10 to 14% this year which will put its value at around a mill.....

As a society, we operate by the Golden Rule

He who has the gold makes the rules

Any economic gain is going to benefit those who have the money to place in proper place. If you are not positioned to take advantage of an upturn or downturn.....you are fucked

But who gives a fuck? We cant raise a pathetic minimum wage. We call healthcare for the masses socialism. Education is out of reach for the low working class. Even if you have a college degree, you can't get a career to support yourself

But we have an endless pool of low cost and desperate employees to feed the wealthy

Any economic gain is going to benefit those who have the money to place in proper place.

If you are not positioned to take advantage of an upturn or downturn.....you are fucked


they sound like 2 rules of the Ferengi Rules of Acquisition ......do you have big ears RW?.....lol

 

[Chris]

1961 to 2012

Republican president job growth - 24 million jobs in 28 years.

Democratic president job growth - 42 million jobs in 24 years.

Bill Clinton says Democratic presidents top Republican presidents in job creation | PolitiFact

 

[LordBrownTrout]

Obama reduces the deficit - RW'ers say "Yeah but...He stinks tho"

Obama get Bin Laden - RW'ers say "Not really, I mean he didnt get him personally so it dont count"

Obama increases wealth - RW'ers say "Yeah well that happened yanno, by accident"

Obama gets a Nobel - RW'ers say "Undeserved"

Obama has a great stock market on his watch - RW'ers say "Obama hates the middle class"

Obama wants to transform America - RW'ers say "OMG he's tearing us apart"

Obama continues Bush's policies - RW'ers say "Aha Obama is continuing our policies"


Its called Black tracking...Opposing something you normally support because Obama supports it

And yet he's still clueless and incompetent.

 

[The T]

1961 to 2012

republican president job growth - 24 million jobs in 28 years.

Democratic president job growth - 42 million jobs in 24 years.

link? Proof?

 

[The T]

Up $20 trillion dollars since 2009...

Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.

More jobs, higher stock prices and improved home values have all helped consumers clean up their balance sheets in the years following the biggest recession since the Great Depression. Additional gains in the labor market and household wealth will be needed to give consumers the means to spend on goods and services, boosting economic growth.

Household Worth in U.S. Climbs by $2.95 Trillion to Record - Bloomberg

$20T huh? Is that what Obama is after?

 

[Chris]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

 

[The T]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

Just as long as they have a willing FEDERAL RESERVE artificially buying to the tune of $85B a month, right? Just WAIT until that stops...Where will your premise be then?

 

[buckeye45_73]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

I don't buy any of these numbers, but for the sake of argument, plus I want to hear more. I love this. So Chris why is this true? And if true, why would Wall Street want a Republican in? And again, if true, why do we need to raise the min wage? Cause you want more inflation?

 

[auditor0007]

OH BOY! More imaginary wealth concentrated in two more bubbles. Looks great on paper, right until the pop. The pop will come.

It really is not a bubble. The vast majority of it was just getting back all the losses from the collapse. We are still in position to begin a long growth cycle. While it's already started, it has been somewhat slow, but it is likely to continue building steam.

 

[westwall]

Up $20 trillion dollars since 2009...

Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances.

Net worth for households and non-profit groups rose by $2.95 trillion in the fourth quarter, or 3.8 percent from the previous three months, to a record $80.7 trillion, the Federal Reserve said today from Washington in its financial accounts report, previously known as the flow of funds survey.

More jobs, higher stock prices and improved home values have all helped consumers clean up their balance sheets in the years following the biggest recession since the Great Depression. Additional gains in the labor market and household wealth will be needed to give consumers the means to spend on goods and services, boosting economic growth.

Household Worth in U.S. Climbs by $2.95 Trillion to Record - Bloomberg

Yeah, but according to you guys, all that wealth is concentrated in 85 households

 

[Listening]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

Just as long as they have a willing FEDERAL RESERVE artificially buying to the tune of $85B a month, right? Just WAIT until that stops...Where will your premise be then?

Swirling in the toilet.

 

[Listening]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

What a sucker Chris is for this kind of tripe.

Not everybody had money to benefit from the stock market. That is why Obama is still crying about the minimum wage.

Additionally, when the GOP isn't cleaning up after democratic morons like Carter (recall his really really low unemployment numbers ???? ), they are usually fighting off a democratic congress.

Keep sucking on your Obama doll Chrissy...sooner or later..you'll get what you want.

 

[rightwinger]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

What a sucker Chris is for this kind of tripe.

Not everybody had money to benefit from the stock market. That is why Obama is still crying about the minimum wage.

Additionally, when the GOP isn't cleaning up after democratic morons like Carter (recall his really really low unemployment numbers ???? ), they are usually fighting off a democratic congress.

Keep sucking on your Obama doll Chrissy...sooner or later..you'll get what you want.

None of your reply has anything to do with what Chris posted

 

[Uncensored2008]

It really is not a bubble. The vast majority of it was just getting back all the losses from the collapse. We are still in position to begin a long growth cycle. While it's already started, it has been somewhat slow, but it is likely to continue building steam.

Nearly all of it is merely home values returning to normal levels. Which is to say the crowing by Obama is utter and complete fraud?

And perhaps we WILL have a growth cycle, but not with the current policies. Gains by main street have been non-existent since Obama took office. Even those on Wall Street are contrived, based on the federal government simply giving welfare to the top 1% in order to create the illusion of recovery.

 

[Listening]

Stocks do 9 times better with a Democrat in the White House....

While Republicans promote themselves as the friendliest party for Wall Street, stock investors do better when Democrats occupy the White House. From a dollars- and-cents standpoint, it’s not even close.

The BGOV Barometer shows that, over the five decades since John F. Kennedy was inaugurated, $1,000 invested in a hypothetical fund that tracks the Standard & Poor’s 500 Index (SPX) only when Democrats are in the White House would have been worth $10,920 at the close of trading yesterday.

That’s more than nine times the dollar return an investor would have realized from following a similar strategy during Republican administrations. A $1,000 stake invested in a fund that followed the S&P 500 under Republican presidents, starting with Richard Nixon, would have grown to $2,087 on the day George W. Bush left office.

Stocks Return More With Democrat in White House: BGOV Barometer - Bloomberg

What a sucker Chris is for this kind of tripe.

Not everybody had money to benefit from the stock market. That is why Obama is still crying about the minimum wage.

Additionally, when the GOP isn't cleaning up after democratic morons like Carter (recall his really really low unemployment numbers ???? ), they are usually fighting off a democratic congress.

Keep sucking on your Obama doll Chrissy...sooner or later..you'll get what you want.

None of your reply has anything to do with what Chris posted

Since when did you start caring if they related ?

You post crap all the time that has nothing to do with the post you put in quotes.