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, ho...
Hi ETF Monkey,
ReplyDeleteI'm Amiya. I have really enjoyed reading ETF Monkey.
I'm the Channel Editor at ETF Trends (www.etftrends.com) and we are looking to add one or two new contributors to feature on our site.
Would you be okay with us republishing some of your articles on our site?
In return, we'll create an author bio page with links to your website and social media accounts. We'll also link back to the original piece in each article we republish.
Please let me know if you have any questions. I'd be happy to jump on a quick call.
Best,
Amiya Moretta
Channel Editor
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ETFtrends.com
Hi, Amiya. Yes I would be interested in communicating a little further. Please feel free to email me at etfmonkey@outlook.com.
DeleteRegards,
ETF Monkey