In the December 13 post (“Total Household Net Worth As A Percent Of GDP 3Q 2011“) I displayed a long-term chart depicting Total Household Net Worth as a percentage of GDP.
For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1949:Q4 to 2011:Q3). The last value (as of December 9, 2011) is $57.353 Trillion:
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1219.66 as this post is written
The following chart is from the CalculatedRisk blog post of December 8, 2011 titled “Q3 Flow of Funds: Household Net Worth declines $2.4 Trillion in Q3.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 3Q 2011 report:
(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk blog post:
The Fed estimated that household net worth declined $2.4 trillion in Q3. Household net worth peaked at $66.8 trillion in Q2 2007, and then net worth fell to $50.4 trillion in Q1 2009 (a loss of $16.4 trillion). Household net worth was at $57.4 trillion in Q3 2011 (up $7.0 trillion from the trough, but down $2.4 trillion in Q3).
The Fed estimated that the value of household real estate fell $98 billion to $16.1 trillion in Q3 2011. The value of household real estate has fallen $6.6 trillion from the peak – and is still falling in 2011.
My comments:
As I have written in previous posts on this Household Net Worth (as a percent of GDP) topic:
As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.
_____
The Special Note summarizes my overall thoughts about our economic situation
In the September 18 post (“Total Household Net Worth As A Percent Of GDP 2Q 2011“) I displayed a long-term chart depicting Total Household Net Worth as a percentage of GDP.
For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1949:Q4 to 2011:Q2). The last value is $58.463 Trillion:
The above chart was last updated as of September 16, 2011.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1129.56 as this post is written
The following chart is from the CalculatedRisk blog post of September 16, 2011 titled “Q2 Flow of Funds: Household Real Estate assets off $6.6 trillion from peak.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 2Q 2011 report:
(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk blog post:
The Federal Reserve released the Q2 2011 Flow of Funds report today. The Fed estimated that the value of household real estate fell $65 billion to $16.18 trillion in Q2 2011, from $16.25 trillion in Q1 2011. The value of household real estate has fallen $6.6 trillion from the peak – and is still falling in 2011.
Household net worth peaked at $65.9 trillion in Q2 2007, and then net worth fell to $49.5 trillion in Q1 2009 (a loss of $16 trillion). Household net worth was at $58.5 trillion in Q2 2011 (up $8.9 trillion from the trough, but before the recent stock sell-off).
My comments:
As I have written in previous posts on this Household Net Worth (as a percent of GDP) topic:
As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1216.01 as this post is written
The following chart is from the CalculatedRisk blog post of June 9, 2011, titled “Q1 Flow of Funds: Household Real Estate assets off $6.6 trillion from peak.” It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 1Q 2011 report:
(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk blog post:
The Fed estimated that the value of household real estate fell $339 billion in Q1 to $16.1 trillion in Q1 2011, from just under $16.5 trillion in Q4 2010. The value of household real estate has fallen $6.6 trillion from the peak – and is still falling in 2011.
Household net worth peaked at $65.8 trillion in Q2 2007. Net worth fell to $49.4 trillion in Q1 2009 (a loss of over $16 trillion), and net worth was at $58.1 trillion in Q1 2011 (up $8.7 trillion from the trough).
My comments:
As I have written in previous posts on this topic:
“As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.”
_____
The Special Note summarizes my overall thoughts about our economic situation
SPX at 1289 as this post is written
The following chart is from the CalculatedRisk blog post of March 10, 2011. It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 4Q 2010 report:
(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk blog post:
“According to the Fed, household net worth is now off $8.8 Trillion from the peak in 2007, but up $8.1 trillion from the trough in Q1 2009.
Update: Household net worked peaked at $65.7 trillion in Q2 2007. Net worth fell to $48.7 trillion in Q1 2009 (a loss of almost $17 trillion), and net worth was at $56.8 trillion in Q4 2010 (up $8.1 trillion from the trough).
The Fed estimated that the value of household real estate fell $260 billion to $16.37 trillion in Q4 2010. The value of household real estate has fallen $6.3 trillion from the peak – and is still falling in 2011.”
My comments:
As I have written in previous posts on this topic:
“As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.”
-
A Special Note concerning our economic situation is found here
SPX at 1295.11 as this post is written
The following chart is from the CalculatedRisk Blog of December 9, 2010. It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 3Q 2010 report:
(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk blog post:
“According to the Fed, household net worth is now off $11 Trillion from the peak in 2007, but up $5.8 trillion from the trough in Q1 2009.
The Fed estimated that the value of household real estate fell $684 billion to $16.55 trillion in Q3 2010, from $17.2 trillion in Q2 2010.”
My comments:
As I have written in previous posts on this topic:
“As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.”
-
A Special Note concerning our economic situation is found here
SPX at 1233.00 as this post is written
The following chart is from the CalculatedRisk Blog of September 18, 2010. It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 2Q 2010 report:
(click on chart to enlarge image)
As seen in the above-referenced CalculatedRisk blog post:
“According to the Fed, household net worth is now off $12.3 Trillion from the peak in 2007, but up $4.7 trillion from the trough in Q1 2009.”
My comments:
As I wrote in the previous (June 17) post on this topic:
“As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.”
A Special Note concerning our economic situation is found here
SPX at 1141.45 as this post is written
The following chart is from the CalculatedRisk Blog of June 10, 2010. It depicts Total Household Net Worth as a Percent of GDP. The underlying data is from The Federal Reserve Flow of Funds 1Q2010 report:
click on chart to enlarge image
As seen in the above-referenced CalculatedRisk blog post:
“According to the Fed, household net worth is now off $11.4 Trillion from the peak in 2007, but up $6.3 trillion from the trough in Q1 2009. A majority of the decline in net worth is from real estate assets with a loss of about $6.4 trillion in value from the peak. Stock market losses are still substantial too.”
My comments:
As one can see, the first outsized peak was in 2000, and attained after the stock market bull market / stock market bubbles and economic strength. The second outsized peak was in 2007, right near the peak of the housing bubble as well as near the stock market peak.
As seen on the chart, the Total Household Net Worth is making an upturn, but is significantly below the prior 2007 peak.
I could extensively write about various interpretations that can be made from this chart. One way this chart can be interpreted is a gauge of “what’s in it for me?” as far as the aggregated wealth citizens are gleaning from economic activity, as measured compared to GDP.
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SPX at 1114.73 as this post is written
The following chart is from the CalculatedRisk Blog on December 13 http://www.calculatedriskblog.com/
and depicts Total Household Net Worth as a Percent of GDP. The underlying data is from the Federal Reserve Flow of Funds 3Q 2009 report.
I am posting it here for reference purposes, and I might comment upon it in the future. I find it to be a very interesting chart.
back to <home>
SPX at 1116.34 as this post is written