from the federal reserve.
it *must* be under the mattresses
3 responses to “it *must* be under the mattresses”
A little something from Robert J. Samuelson
“Lower interest rates-mainly reflecting lower inflation-have driven up stocks and home prices. Stocks became more appealing next to interest-bearing deposits;lower mortgage rates made higher home prices more affordable. From 1985 to March of this year, Americans’ mutual funds and stocks rose from $1.3 trillion to $10 trillion;over the same period, real estate values jumped from $4.6 trillion to $17.7 trillion. Once you consider these value changes, most Americans don’t look so irresponsible…..Their net worth…contintues to grow.”
While he goes on to warn that asset values may fall and rising debt burdens will have to be faced eventually, the picture may not be as ominous as your chart indicates.
So, E, the money may not be under the mattress, it might be fueling that lovely rise in your apple stock!
Lots of people have credit cards, but that doesn’t mean that they are using them on a regular basis. The $9,312 credit card debt is another matter. Listen the swimming pool needs to be resurfaced……..Can I hit you up for a loan?