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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (76510)	12/23/2006 5:14:39 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

The links to both are on my initial post. Z1 defines financial assets broadly, with stocks and mutual funds making up a fourth of it. EPI has a table 5.1 that should simplify it. Net worth: Top 1%: 34.3% Next 9%: 36.9% Bottom 90%: 28.7% Net Financial assets: Top 1%: 42.2% Next 9%: 38.7% Bottom 90%: 19.1% More of the bottom 90% assets are in real estate, so the housing slump is really hurting them. The top 10%'s real estate exposure have probably been offset by the stock market rally. Table 5.15 showing household debt service is for 2004, and is dated as it doesn't show the big entrapment of the subprimes and peak buyers and refiers in 2004-2006. Table 5.16 again is for 2004, shows 27.0% of lowest quintile with high debt burden ratios over 40%, and of course that's now understated and dated for today's set-up.

To: bart13 who wrote (76510)	12/23/2006 10:22:12 PM
From: Real Man	Read Replies (2) \| Respond to of 110194

Interesting chart on your site, regarding the behavior of the German stocks in 1921-1923. It seems strange that stocks grew 10-fold in dollar terms during 1922-23 hyperinflation incident, while the real economy was a disaster, and the unemployment soared. 20 dollars were 1 gold oz at that time, if I'm not mistaken, so German stocks/gold ratio actually grew 10-fold during the hyperinflation. Something to learn for the bears. I don't think a significant decline in US stocks will be allowed, as the spike rallies clearly demonstrate our markets are no longer free. So, some profit taking before going higher.