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That is a significant number to recall whenever people posit we either are in, or just were in, or are about to tumble into a recession. but most months, the specific number is more or less a rounding error. It was that 157.087 million people are employed full-time in the United States.1 This is not a popular opinion.
Consider these columns going back to 2013 pointing out the foolishness of tax-payer subsidized corporate welfare queens (2013), and why median wages were rising ( 2016 , 2017 , 2018 , 2018 , 2019 ). By any measure, we still have an enormous number of unfilled positions. Then came the pandemic, and a huge federal worker subsidy.
percent is now at its highest level since fourth quarter 2013, driven by office portfolios at the largest banks. From the FDIC: The number of banks on the FDIC’s “Problem Bank List” increased from 52 to 63. This graph from the FDIC shows the number of problem banks and assets at problem institutions. Problem banks represent 1.4
To put it in numbers: Their share has gone from about 23% to about 32%. Previously : America’s Corporate Welfare Queens (November 13, 2013) Minimum Wage Increases Do Not Destroy Jobs (January 24, 2019) Generational Reset of Minimum Wage (November 30, 2021) Wages in America The post Americonned appeared first on The Big Picture.
I suspect most people don’t have any idea about these numbers, and imagine the various starts to be closer together in dollar amounts than they actually are. The top 0.01% of US households had at least $111 million in net worth in 2012, compared to $4 million for the 1 %.
Essentially, monthly Non-Farm Payrolls is the net difference between these two groups: The actual number is far smaller and less significant than gets played most publicly. The monthly number ( May 2023 = 339,000) is a tenth or so of the ~1.5% of the 159m total.
@TBPInvictus here Our story so far : California has been raising its minimum wage for the past decade, starting at $8/hour through 2013. To prove their point, a number of friendly commentators, academics, and hired guns all wrote endless white papers, Op-Eds and commentaries. Our story began with a Wall St.
It is one of those round numbers that people just kinda made up and started with for no apparent reason. But the 2% inflation target is LITERALLY a random number 2 that originated in New Zealand in the 1980s. The case for 4% inflation , Laurence Ball, VoxEU/CEPR 24 May 2013 3. Peasants: We have found a witch! (A a witch!)
The headline number for April dropped to its lowest level since January 2013, coming in at 89.0, from the previous month and below the Investing.com forecast of 89.6. April's reading remains below the series average of 98.2 for the 16th consecutive month. The index is at the 5th percentile in this series.
billion in fee only asset flows for the full year 2013; 37% of Morgan Stanley wealth management’s total client assets are now in fee based accounts a record high. Wells Fargo Advisors said at the end of 2013 it had $375 billion in managed account assets, roughly 27% of the $1.4 It’s uncanny.
Meaning, you do not get the 8-10% long-term gains without living through a significant number of market events, ranging from cyclical drawdowns to longer secular bear markets, and full-on crashes. 2000-13 : Secular bear market did not make new highs until March 2013 2018 : ~20% pullback as the economy slowed, FOMC hiked.
That number has now reached nearly 32%. The Amazon founder, who purchased The Washington Post for $250 million in 2013, has taken a more active role in the paper’s operations this year. ( This $20 trillion is fairly evenly spread across its component sectors. Now He’s Paying Attention to It Again.
This ratio was also 19 basis points above the pre-pandemic average and remained the highest quarterly ratio reported by the industry since second quarter 2013. From the FDIC: The Number of Problem Banks Increased The number of banks on the FDICs Problem Bank List increased from 66 to 68. billion to $87.3
million units in the first six months of 2023, the fewest for the first six months of a year since 2013. The second graph shows the six-week average (not monthly) of U.S. intermodal in 2021, 2022 and 2023: (using intermodal or shipping containers): U.S. intermodal was down 10.3% Volume was 6.11
On the discouraging side, January 2023 was the worst January for intermodal since 2013 , with originations down 8.1% Intermodal volume averaged 229,982 units per week in January 2023, the fewest for January since 2013. January 2022 was the worst January for total carloads in our records that begin in 1988. from last year. railroads.
The second half of 2013 marked another major spike—from $68 on July 4th to $1,237 on December 3rd before declining again. Bitcoin 10-year return Let’s say you bought one bitcoin on August, 3rd 2013, for $1,106.75, its price at the time. 3,839,387,524,500% 10 years (2013-2023) $1,106.75 $29,310.44 75.19 $2,203,358.14
Way back in 2013, I wrote a post " Predicting the Next Recession. I disagreed and noted I wasn't even on recession watch! Now it seems like most forecasts are for a recession in 2023. My answer is: Maybe. This post was in response to several recession forecasts (that were also incorrect). 2) Significant policy error.
Today, in the Calculated Risk Real Estate Newsletter: Q2 Update: Delinquencies, Foreclosures and REO A brief excerpt: In 2021, I pointed out that with the end of the foreclosure moratoriums, combined with the expiration of a large number of forbearance plans, we would see an increase in REOs in late 2022 and into 2023.
Way back in 2013, I wrote a post " Predicting the Next Recession. That was written in 2013, and it appears once again that we've avoided the "default" policy error. All of these events are possible, but they are unpredictable, and the probabilities are low that they will happen in the next few years or even decades.
Way back in 2013, I wrote a post " Predicting the Next Recession. And other measures of the economy were also positive, especially employment. So, it is extremely unlikely there was a recession. This post was in response to several recession forecasts (that were also incorrect). 2) Significant policy error.
Citylab ) • Larry Summers’ Comparison of 2013–23 Inflation with 1966–76 Is Uninformed Madness : How incredibly wrong was Larry Summers about inflation? It is finally possible to imagine a post-Communist regime. In June 2022, he said “we need 5 years of unemployment above 5% to contain inflation, 2 years of 7.5%
An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households.” Household debt previously peaked in 2008 and bottomed in Q3 2013. Mortgage balances rose by $190 billion from the previous quarter and was $12.44 trillion at the end of March. rise from 2023Q4.
Note: The Fed changed the release in Q3 2013. This data has limited value in terms of absolute numbers, but is useful in looking at trends. These ratios show the percent of disposable personal income (DPI) dedicated to debt service (DSR) and financial obligations (FOR) for households. The DSR is divided into two parts.
Then from about 2013 to 2016, gold struggled and so too did PRPFX. The ten year numbers are awful for PRPFX because gold went down for about 4 years from 2013-2016. Both are multi-asset but PRPFX obviously allocates to precious metals and where you see the two funds diverge, those divergences coincide with big moves in gold.
I used to own TIP but then figured out the interest rate problem back in what I am guessing was about 2013. I've known about this fund but didn't realize it has been around so long, back to 2013 despite only having $20 million in it. They may have inflation protection but they also assume interest rate risk. in I can't figure it out.
Today, in the Calculated Risk Real Estate Newsletter: Q3 Update: Delinquencies, Foreclosures and REO A brief excerpt: In 2021, I pointed out that with the end of the foreclosure moratoriums, combined with the expiration of a large number of forbearance plans, we would see an increase in REOs in late 2022 and into 2023.
A huge number of investors started investing their money in the stock market to make quick money. It subsequently merged within Tech Mahindra in 2013. The Saradha scam came to the fore in April 2013 when Sudipta Sen fled leaving behind an 18-page letter.
He co-chairs a number of the asset management investment committees. So I interviewed with a bunch of banks, got a number of job offers by the end of the week, and joined Goldman Sachs in October 1998. I ended up being hired onto the high yield desk as a research analyst and did that for a number of years, a couple of years.
These numbers are insane. The returns for these five favorites since 2013 have been astronomical. The returns for these five favorites since 2013 have been astronomical. Netflix is up 2,150% since 2013, compounding at 81% per year! Over the last nine years, the NASDAQ 100 gained 55%, 20%, 3%, 18%, 37%, 19%, 9%, 7%, 32%.
The best way to solve this problem is by increasing the number of fee-only SEBI Registered Investment Advisors (RIAs) who by design think in the interest of clients. There are less than 1,000 RIAs all over India despite the regulation in force since 2013. This aligns the advisor’s interest with yours and ends mis-selling.
The basic mechanics of CEFs is they are exchange traded but unlike ETFs which create or redeem shares based on money coming and going, CEFs have a fixed number of shares so open market buying and selling can cause the market price of the fund to deviate widely from the net asset value (NAV), the actual value of the holdings.
In the spring of 2013, the S&P 500 made a new all-time high for the first time since October 2007. Around that time, I remember seeing people use the b-word to describe what was happening. The chart below, which shows Google searches for " Stock market bubble ," validates my memory.
India’s IPO market has made a strong comeback this year, making it the global leader in the number of IPOs so far in 2023 and attracting investors to take advantage of the renewed interest in public offerings on Dalal Street. What do the numbers tell about IPOs? Is India experiencing an IPO boom? What does this indicate?
It's easy to get caught up in large numbers, but context is required. The fund has absolutely crushed the broader commodity index going back to 2013 (numbers in the journal story). A fund with a billion dollars losing 20% in one month is definitely a story, but often things get lost in the raw numbers.
I found a similar discrepancy between the number of search results for “outperformance” versus “out-performance” and the spelling in the actual search results when I repeated my search in March 2024. However, the gap between the number of search results shrank to 5.6 The post How do you spell it?
The point is that the factor, in the above case it's low volatility, has generally kept up with market cap weighting (MCW) with only 80% of the drawdown (his number). During the Taper Tantrum in 2013, both low volatility funds underperformed but that was also a very short term event. More on low volatility in a second.
Among evolving markets with market participants, cryptocurrency exchanges have also increased in number for the easy usage of digital currency markets with well-built technology and trust. Top Cryptocurrency Exchanges #3 – Huobi Global Huobi Global is a centralised crypto exchange platform founded in China in 2013.
Here are a few numbers since Twitter came public in 2013: It closed at an all-time high just 15 times, or 0.7% That number is 92% for the S&P 500, and 95% for the Nasdaq-100 It's down 20% since the IPO. I'm excited to see the 4th Quartr numbers are on Thursday. of all days.
over the first 174 days of 2017, which is the strongest year-to-date performance through this time since 2013. It has been more than 3% above it, an arbitrary number, for 210 straight days. The index is up 11.1% The S&P 500 has been above the 200-day moving average for 304 days, going back to last June.
Sebi introduced Registered Investment Adviser(RIA) as a category of intermediaries in 2013 to safeguard the interests of investors. Despite the introduction of direct plans of MFs and the RIA category way back in 2013, there needs to be more awareness about this even today.
Dogecoin ( DOGE-USD ) is a cryptocurrency that was created in 2013 as a way to satirize the Bitcoin craze. When it first launched in 2013, one Dogecoin was worth $0.00026. However, there are a number of factors that suggest that the price could reach $0.10 What is Dogecoin? Price History of DogeCoin. again in the future.
That's the number of global funds launched between January 2005 and 2013. Just to be clear, that is not the number of funds in existence over that period, it's the number of brand new funds. Fifty-seven thousand, five hundred and twelve.
In a related but tangential matter, the number of publicly traded companies in the United States has been cut in half over the last twenty years. There aren't enough public companies (too few IPOs) From 2013-2017, there were 814 IPOs. Today that number is close to $100 million. These numbers were run a few weeks ago).
From 2013 to 2016, the median assets under management (AUM) grew 6% from $86 million to $92 million. According to one recent report , the number of independent broker-dealer firms has been in a steady decline for the past decade, resulting in 819 firms in 2018. Do these numbers excite you? The Top In The Industry.
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