US Household Wealth Up $1.7-T, Another Record Under President Trump

US Household Wealth Up $1.7-T, Another Record Under President Trump

US Household Wealth Up $1.7-T, Another Record Under President Trump $SPY The wealth of US  households rose to $96.2-T in Q-2 of this year, as US stock prices hit record highs and home values continued to climb, a report by the Fed showed Thursday. That compares to a downwardly revised $94.5-T tally for household net […]

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word

Bitcoin, from Curiosity to Household Word $JPM, $BTCUSD The Bank for International Settlements (BIS) said Monday, that the world’s central banks cannot ignore the growth in cryptocurrencies and may at some point have to consider whether it makes sense for them to issue their own digital currencies, “Whether or not a central bank should provide […]

Median US Household Wealth Has Declined by 40% since 2007-2008

Median US Household Wealth Has Declined by 40% since 2007-2008

Median US Household Wealth has Declined by 40% since 2007-2008 Nominal US household wealth it has been declared is at an all-time high. But Marc Faber says that’s mostly an illusion. Mr. Faber, the author of The Gloom & Doom Report, looked at the relationship between asset prices and US household wealth, and the effect […]

American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials.  They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]

South Korea’s Household Consumption Falling

South Korea’s Household Consumption Falling

South Korea’s Household Consumption Falling Private (household) consumption in South Korea fell in Q-1 on lower household income, a government report revealed Friday. Monthly private consumption averaged 2,669,000 Won (US$2,262) per household during the January-March period, up 0.6% from the same frame last year, according to Statistics Korea. Real private consumption, adjusted for inflation, declined […]