autumnspring |
01-28-2017 03:10 PM |
RE: 50.4 vs 49.2
Quote:
Posted by Guest
The theme of the article seemed to indicate that the boom helped the top 90% mostly. The part that you are referring to, seemed to be a very minute figment of the article. But, you are correct there was that little tidbit of confidence.
""Any boom in the stock market is going to pass by the great majority of Americans," Wolff said."
"The Dow's 23 percent surge over the past year has benefited mostly investors who were already well-off."
And I found this little point to be interesting: "The proportion of Americans with retirement accounts actually declined slightly from 2010 to 2013 — from 50.4 percent to 49.2 percent."
I'm not disagreeing with the article. It just seemed to be mostly downplaying the stock market surge. And I may be looking at it wrong. I admit that.
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All of these sorts of numbers are termed educated guesses. When, they state numbers as 50.4 to decline 49.2, it makes us BELIEVE there is great accuracy. Usually, the accuracy is within 2% thus is 50.2 is 2% high the real number is 49.19 and if the 49.2 number is 2% too low the real number is 50.18 so percentage in the stock market may have actually gone up.
In my opinion the manipulation of money by our government, particularly under OBAMA has led to the rise of the stock market. Long term history of Treasury bonds was that they pay 2% above the rate of inflation. You cannot trust government reported rate of inflation either.
Ronald Reagan took the price of housing and the cost of fuel out of the inflation numbers. He explained they were to volatile to calculate. IT IS NOT JUST DEMOCRATS THAT LIE TO US. At that time Housing and fuel were the highest areas of inflation-price rise. That is how Reagon reduced inflation. Today, if you don't count medical costs, food and education, there is no inflation same as Reagan spun it. INFLATION IS NOT ZERO-LONG TERM TREASURIES PAY 2%.
The old guide was you subtract your age from 100 and that is the percentage you should have in stocks 70-100=30%.
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