Originally posted by revo
View Post
Announcement
Collapse
No announcement yet.
Announcement
Collapse
No announcement yet.
Economic, taxes, and tariffs discussion
Collapse
X
-
Originally posted by revo View PostIs that by average or median? The net worth by average in this country is around $700k, but by median is only about $65k.
Comment
-
Originally posted by OaklandA's View PostThe Top 10% is the Top 10% - there is no median or average involved. That link says that a net worth of over $1.1M is required to be in the top 10%.I'm just here for the baseball.
Comment
-
Originally posted by Fresno Bob View PostThe economy is doing great for the 3%, I still don't see the benefits at the lower levels. Stock market is at a new high, great, what percentage of the bottom 90% own any stock? I'm still terrified when I see that a sizable percentage of Americans could not handle a surprise $400 expense. Hell, I'm carrying around that in cash most days.
Comment
-
Originally posted by OaklandA's View PostThe Top 10% is the Top 10% - there is no median or average involved. That link says that a net worth of over $1.1M is required to be in the top 10%.
More startling is the bottom quartile's average net worth was ($12,000).
What he said. I'm admittedly surprised by how high the number is, so if anyone has a better/different source, I'd be interested. If accurate, my best guess is high real estate values in high population areas have driven up the figure.
Average: $751k to $276k
Median: $99k to $88k
Comment
-
Originally posted by revo View PostIs that by average or median? The net worth by average in this country is around $700k, but by median is only about $65k."You know what's wrong with America? If I lovingly tongue a woman's nipple in a movie, it gets an "NC-17" rating, if I chop it off with a machete, it's an "R". That's what's wrong with America, man...."--Dennis Hopper
"One should judge a man mainly from his depravities. Virtues can be faked. Depravities are real." -- Klaus Kinski
Comment
-
Originally posted by revo View PostAccording to the Fed, the top 10% of households in 2016 by median net worth was $2.4m (now that may just be the median of the actual Top 10%). But by average net worth it was $5.4m.
Comment
-
Looks like I'm not in the top 10%. :sad:"The Times found no pattern of sexual misconduct by Mr. Biden, beyond the hugs, kisses and touching that women previously said made them uncomfortable." -NY Times
"For a woman to come forward in the glaring lights of focus, nationally, you’ve got to start off with the presumption that at least the essence of what she’s talking about is real, whether or not she forgets facts" - Joe Biden
Comment
-
Sad!
"Ford is having a bad year in 2018. Its stock is down 29%, and the tariffs imposed by President Trump have reportedly cost the company $1 billion, as the company is in the midst of a reorganization. Now, the company is announcing layoffs.
Jim Hackett, Ford’s CEO, is working to engineer a $25.5 billion restructuring of the automaker, hoping to cut costs and remain competitive, the Wall Street Journal reports. But auto sales are down, and one reason is the trade tariffs that Trump has imposed on metals and other goods. According to Bloomberg, Hackett has said they have already cost the company $1 billion in profit and could do “more damage” if the disputes aren’t resolved quickly.
Ford, the No. 2 U.S. automaker by sales, is making aggressive job cuts as part of that reorganization, NBC News reported. While the company hasn’t said how many jobs will be lost, a report from Morgan Stanley estimates “a global headcount reduction of approximately 12 percent,” or 24,000 of Ford’s 202,000 workers worldwide.”
Comment
-
Originally posted by revo View PostDJIA's down almost 2,000 points in the last week alone. The Dopey one gives himself pats on the back when the market is flying, but blames the Fed when it comes back down. Classy!"The Times found no pattern of sexual misconduct by Mr. Biden, beyond the hugs, kisses and touching that women previously said made them uncomfortable." -NY Times
"For a woman to come forward in the glaring lights of focus, nationally, you’ve got to start off with the presumption that at least the essence of what she’s talking about is real, whether or not she forgets facts" - Joe Biden
Comment
-
Originally posted by revo View PostDJIA's down almost 2,000 points in the last week alone. The Dopey one gives himself pats on the back when the market is flying, but blames the Fed when it comes back down. Classy!
Comment
-
Originally posted by nots View PostAs opposed to the deep thinkers who pat Obama on the back for the increase in the market, but blame Trump as soon as there is a correction.If DMT didn't exist we would have to invent it. There has to be a weirdest thing. Once we have the concept weird, there has to be a weirdest thing. And DMT is simply it.
- Terence McKenna
Bullshit is everywhere. - George Carlin (& Jon Stewart)
How old would you be if you didn't know how old you are? - Satchel Paige
Comment
-
Originally posted by DMT View PostSuch as?"The Times found no pattern of sexual misconduct by Mr. Biden, beyond the hugs, kisses and touching that women previously said made them uncomfortable." -NY Times
"For a woman to come forward in the glaring lights of focus, nationally, you’ve got to start off with the presumption that at least the essence of what she’s talking about is real, whether or not she forgets facts" - Joe Biden
Comment
-
here's a thought, the Fed is being too aggressive with rate hikes, and Trump's trade war is starting to hurt us. We could withstand one of these, but combined they are causing some economic pain."The Times found no pattern of sexual misconduct by Mr. Biden, beyond the hugs, kisses and touching that women previously said made them uncomfortable." -NY Times
"For a woman to come forward in the glaring lights of focus, nationally, you’ve got to start off with the presumption that at least the essence of what she’s talking about is real, whether or not she forgets facts" - Joe Biden
Comment
Comment