Showing posts from October, 2017

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Clearly, Not Everyone Is Getting Rich Off The Stock Market

Well, the NY Fed was out today with its Quarterly Report on Household Debt and Credit for Q4 2017. Clearly, Americans are in a lot of debt. Take a look.

Just a couple of quick hits from the report. Total U.S. household debt rose $193 billion in the 4th quarter, to a new all-time peak of $13.15 trillion. That's 17.9% above the most recent trough in Q2 2013. Broken down by segment, what do you suppose was the largest gain in percentage terms? Credit cards, with a 3.2% increase. In the picture above, the widening gap represented by the red arrows reflects the fact that non-housing debt is rising at a faster pace than housing debt.

Here's what's troubling about that. Below is a picture of the stock market, as represented by the S&P 500 index, over that same period; from the most recent credit trough in Q2 2013 to the end of 2017.

And thus, the title of this article. Over that period, the S&P 500 index rose by 75%; from roughly 1,600 to 2,800. Apparently, however, the r…

I Couldn't Care Less

Wanted to take just a minute to share one of my favorite examples of where what I can only attribute to mental laziness corrupts the proper use of the English language.

I hear it, if not once a day, at least several times a week: "I could care less."

"I could care less."

If, indeed, it is possible to care less, whatever it is that you mean to dismiss by use of the phrase is, in fact, not dismissed at all.

No, the phrase is: "I couldn't care less." As in: "You can talk to me all day long about (insert topic here) and it would literally be impossible for me to care any less than I do at this minute."