Everything You Think You Know About Stocks is a Lie
|ECONOMY & MARKETS | September 27, 2016|
Income was Too Good to be True
By Rodney Johnson, Senior Editor, Economy & Markets
The Census Bureau reported that median income jumped 5.2% last year. As I pointed out last week, that's a solid increase, but still leaves us short of the record in 1999.
This $25 Trillion Bubble is About to Burst
To arrive at the higher figure, the Census Bureau parsed questions on items like interest income to figure out if consumers held any interest bearing accounts. Then surveyors would circle back and ask respondents how much they earned on each account. If respondents didn't know, or refused to answer, the Census Bureau would ask the size of their assets, and then estimate the interest they should have earned.
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This work is based on SEC filings, current events, interviews, corporate press releases and what we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation.
Tuesday, September 27, 2016
So it WAS too good to be true
Posted by PTPadmin at 4:21 PM