Biden's Stock Market - 31,164 on Day 1.

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B-Tender
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Re: Biden's Stock Market - 31,164 on Day 1.

#401

Post by B-Tender »

Cassandros wrote: Fri Jul 01, 2022 1:20 am
B-Tender wrote: Fri Jul 01, 2022 1:08 am Here's the link:

https://fred.stlouisfed.org/series/TNWBSHNO

The link combines households and non-profit orgs.
Calling non-profits households is ridiculous...

But now it makes sense why that number is so high.

Cut them out and Animal's $640 is probably spot on.
Quick google search lists 123.6 million households, and 1.5 million nonprofits. So 125M still seems right.
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Re: Biden's Stock Market - 31,164 on Day 1.

#402

Post by Animal »

Cassandros wrote: Fri Jul 01, 2022 1:11 am
Animal wrote: Fri Jul 01, 2022 12:42 am
Cassandros wrote: Fri Jul 01, 2022 12:26 am
B-Tender wrote: Thu Jun 30, 2022 11:48 pm Just a bit of perspective, not because I am supporting the current administration, but to keep myself calm during a turbulent time.

"U.S. household net worth is $80 trillion higher today than it was ten years ago, which is astounding. But it’s about $700 billion lower than it was three months ago, which is honestly nothing. Yet one of those figures creates ten times the headlines, ten times the attention, ten times the emotions, ten times the introspection. It has nothing to do with the level of wealth and everything to do with the trajectory."

A link to the whole article:

https://www.collaborativefund.com/blog/ ... wealthier/
I would love to know where these numbers were pulled from...

Adding 80 trillion dollars to ~125 million households over the course of 10 years means the average household 'net worth' raised ~$640,000.

Highly unlikely.
80 trillion / 125 million is the same as 80,000/125 which is 640. So, over 10 years, each household income grew around $640.

Highly likely.
Its a lot of zeroes, even people who are good with numbers can miss a place.

But...
80,000,000,000,000
.........
125,000,000


80,000,000
125

= 640,000
yeah, yoiu are right. i think they misprinted the 80 trillion. that has to be 80 billion. because the $64 number seems believable. The $80 trillion seems ridiculous to me.
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Re: Biden's Stock Market - 31,164 on Day 1.

#403

Post by Cassandros »

Animal wrote: Fri Jul 01, 2022 2:01 am
Cassandros wrote: Fri Jul 01, 2022 1:11 am
Animal wrote: Fri Jul 01, 2022 12:42 am
Cassandros wrote: Fri Jul 01, 2022 12:26 am
B-Tender wrote: Thu Jun 30, 2022 11:48 pm Just a bit of perspective, not because I am supporting the current administration, but to keep myself calm during a turbulent time.

"U.S. household net worth is $80 trillion higher today than it was ten years ago, which is astounding. But it’s about $700 billion lower than it was three months ago, which is honestly nothing. Yet one of those figures creates ten times the headlines, ten times the attention, ten times the emotions, ten times the introspection. It has nothing to do with the level of wealth and everything to do with the trajectory."

A link to the whole article:

https://www.collaborativefund.com/blog/ ... wealthier/
I would love to know where these numbers were pulled from...

Adding 80 trillion dollars to ~125 million households over the course of 10 years means the average household 'net worth' raised ~$640,000.

Highly unlikely.
80 trillion / 125 million is the same as 80,000/125 which is 640. So, over 10 years, each household income grew around $640.

Highly likely.
Its a lot of zeroes, even people who are good with numbers can miss a place.

But...
80,000,000,000,000
.........
125,000,000


80,000,000
125

= 640,000
yeah, yoiu are right. i think they misprinted the 80 trillion. that has to be 80 billion. because the $64 number seems believable. The $80 trillion seems ridiculous to me.
Or non-profits rack in a lot more than we realize.

If the average non-profits 'net worth' rose 1 million per year; with 1.5 million of them, that's ~$15 trillion right there.
“The society that puts equality before freedom will end up with neither, the society that puts freedom before equality will end up with a great deal of both.” --Milton Friedman
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Re: Biden's Stock Market - 31,164 on Day 1.

#404

Post by B-Tender »

Look at the difference in wealth of just the 10 richest Americans from 2012 to 2022.

RANK NAME WEALTH SOURCE $ CHANGE FROM 2011
1 Bill Gates $66 billion Microsoft + $7 billion
2 Warren Buffett $46 billion Berkshire Hathaway + $7 billion
3 Larry Ellison $41 billion Oracle + $8 billion
4 Charles Koch $31 billion Diversified + $6 billion
4 David Koch $31 billion Diversified + $6 billion
6 Christy Walton & family $27.9 billion Wal-Mart + $3.4 billion
7 Jim Walton $26.8 billion Wal-Mart + $5.7 billion
8 Alice Walton $26.3 billion Wal-Mart + $5.4 billion
9 S. Robson Walton $26.1 billion Wal-Mart + $5.6 billion
10 Michael Bloomberg $25 billion Bloomberg LP + $5.5 billion


Top 10 Richest People In USA 2022
Rank Richest People In USA 2022 Estimated Net Worth
#1 Jeff Bezos $200 Billion
#2 Elon Musk $156 Billion
#3 Bill Gates $125.7 Billion
#4 Mark Zuckerberg $117.8 Billion
#5 Warren Buffett $108.1 Billion
#6 Larry Ellison $102.1 Billion
#7 Larry Page $100.7 Billion
#8 Sergey Brin $97.9 Billion
#9 Steve Ballmer $72.9 Billion
#10 Alice Walton $67 Billion
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Re: Biden's Stock Market - 31,164 on Day 1.

#405

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Re: Biden's Stock Market - 31,164 on Day 1.

#406

Post by Biker »

Who wrote: Wed Jul 06, 2022 9:19 pm31,037
Jan 20 2021 30,930

Fucking moron
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Re: Biden's Stock Market - 31,164 on Day 1.

#407

Post by Who »

Biker wrote: Wed Jul 06, 2022 10:23 pm
Who wrote: Wed Jul 06, 2022 9:19 pm31,037
Jan 20 2021 30,930

Fucking moron
I posted today’s number, Joe has 6 more years
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Re: Biden's Stock Market - 31,164 on Day 1.

#408

Post by CHEEZY17 »

Who wrote: Thu Jul 07, 2022 2:10 am
Biker wrote: Wed Jul 06, 2022 10:23 pm
Who wrote: Wed Jul 06, 2022 9:19 pm31,037
Jan 20 2021 30,930

Fucking moron
I posted today’s number, Joe has 6 more years
I see Who is continuing his daily quest to be the dumbest MFer on UJR.
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Re: Biden's Stock Market - 31,164 on Day 1.

#409

Post by Biker »

CHEEZY17 wrote: Thu Jul 07, 2022 12:29 pm
Who wrote: Thu Jul 07, 2022 2:10 am
Biker wrote: Wed Jul 06, 2022 10:23 pm
Who wrote: Wed Jul 06, 2022 9:19 pm31,037
Jan 20 2021 30,930

Fucking moron
I posted today’s number, Joe has 6 more years
I see Who is continuing his daily quest to be the dumbest MFer on UJR.
He makes it look so easy
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Re: Biden's Stock Market - 31,164 on Day 1.

#410

Post by Biker »

Who wrote: Thu Jul 07, 2022 2:10 am
Biker wrote: Wed Jul 06, 2022 10:23 pm
Who wrote: Wed Jul 06, 2022 9:19 pm31,037
Jan 20 2021 30,930

Fucking moron
I posted today’s number, Joe has 6 more years
Jan 20 2017- 19,732
Jan 20 2021- 30,930

Joe has a long way to go to meet the Trump standard. 100 points in 18 months aint gonna get him there
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Re: Biden's Stock Market - 31,164 on Day 1.

#411

Post by Who »

Biker wrote: Thu Jul 07, 2022 1:30 pm
Who wrote: Thu Jul 07, 2022 2:10 am
Biker wrote: Wed Jul 06, 2022 10:23 pm
Who wrote: Wed Jul 06, 2022 9:19 pm31,037
Jan 20 2021 30,930

Fucking moron
I posted today’s number, Joe has 6 more years
Jan 20 2017- 19,732
Jan 20 2021- 30,930

Joe has a long way to go to meet the Trump standard. 100 points in 18 months aint gonna get him there
Trump was already impeached once by this time, wasn’t he?
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Re: Biden's Stock Market - 31,164 on Day 1.

#412

Post by Cassandros »

B-Tender wrote: Fri Jul 01, 2022 2:22 am Look at the difference in wealth of just the 10 richest Americans from 2012 to 2022.

RANK NAME WEALTH SOURCE $ CHANGE FROM 2011
1 Bill Gates $66 billion Microsoft + $7 billion
2 Warren Buffett $46 billion Berkshire Hathaway + $7 billion
3 Larry Ellison $41 billion Oracle + $8 billion
4 Charles Koch $31 billion Diversified + $6 billion
4 David Koch $31 billion Diversified + $6 billion
6 Christy Walton & family $27.9 billion Wal-Mart + $3.4 billion
7 Jim Walton $26.8 billion Wal-Mart + $5.7 billion
8 Alice Walton $26.3 billion Wal-Mart + $5.4 billion
9 S. Robson Walton $26.1 billion Wal-Mart + $5.6 billion
10 Michael Bloomberg $25 billion Bloomberg LP + $5.5 billion


Top 10 Richest People In USA 2022
Rank Richest People In USA 2022 Estimated Net Worth
#1 Jeff Bezos $200 Billion
#2 Elon Musk $156 Billion
#3 Bill Gates $125.7 Billion
#4 Mark Zuckerberg $117.8 Billion
#5 Warren Buffett $108.1 Billion
#6 Larry Ellison $102.1 Billion
#7 Larry Page $100.7 Billion
#8 Sergey Brin $97.9 Billion
#9 Steve Ballmer $72.9 Billion
#10 Alice Walton $67 Billion
I feel like this bears repeating.

That is a massive increase in net wealth.
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Re: Biden's Stock Market - 31,164 on Day 1.

#413

Post by Animal »

Cassandros wrote: Fri Jul 08, 2022 5:57 pm
B-Tender wrote: Fri Jul 01, 2022 2:22 am Look at the difference in wealth of just the 10 richest Americans from 2012 to 2022.

RANK NAME WEALTH SOURCE $ CHANGE FROM 2011
1 Bill Gates $66 billion Microsoft + $7 billion
2 Warren Buffett $46 billion Berkshire Hathaway + $7 billion
3 Larry Ellison $41 billion Oracle + $8 billion
4 Charles Koch $31 billion Diversified + $6 billion
4 David Koch $31 billion Diversified + $6 billion
6 Christy Walton & family $27.9 billion Wal-Mart + $3.4 billion
7 Jim Walton $26.8 billion Wal-Mart + $5.7 billion
8 Alice Walton $26.3 billion Wal-Mart + $5.4 billion
9 S. Robson Walton $26.1 billion Wal-Mart + $5.6 billion
10 Michael Bloomberg $25 billion Bloomberg LP + $5.5 billion


Top 10 Richest People In USA 2022
Rank Richest People In USA 2022 Estimated Net Worth
#1 Jeff Bezos $200 Billion
#2 Elon Musk $156 Billion
#3 Bill Gates $125.7 Billion
#4 Mark Zuckerberg $117.8 Billion
#5 Warren Buffett $108.1 Billion
#6 Larry Ellison $102.1 Billion
#7 Larry Page $100.7 Billion
#8 Sergey Brin $97.9 Billion
#9 Steve Ballmer $72.9 Billion
#10 Alice Walton $67 Billion
I feel like this bears repeating.

That is a massive increase in net wealth.
Bezos has lost over $62 billion THIS year. Elon Musk has lost over $69 billion this year. Mark Zuckerberg has lost $30 billion.

Does that bear repeating?
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Re: Biden's Stock Market - 31,164 on Day 1.

#414

Post by Cassandros »

Animal wrote: Fri Jul 08, 2022 6:47 pm
Cassandros wrote: Fri Jul 08, 2022 5:57 pm
B-Tender wrote: Fri Jul 01, 2022 2:22 am Look at the difference in wealth of just the 10 richest Americans from 2012 to 2022.

RANK NAME WEALTH SOURCE $ CHANGE FROM 2011
1 Bill Gates $66 billion Microsoft + $7 billion
2 Warren Buffett $46 billion Berkshire Hathaway + $7 billion
3 Larry Ellison $41 billion Oracle + $8 billion
4 Charles Koch $31 billion Diversified + $6 billion
4 David Koch $31 billion Diversified + $6 billion
6 Christy Walton & family $27.9 billion Wal-Mart + $3.4 billion
7 Jim Walton $26.8 billion Wal-Mart + $5.7 billion
8 Alice Walton $26.3 billion Wal-Mart + $5.4 billion
9 S. Robson Walton $26.1 billion Wal-Mart + $5.6 billion
10 Michael Bloomberg $25 billion Bloomberg LP + $5.5 billion


Top 10 Richest People In USA 2022
Rank Richest People In USA 2022 Estimated Net Worth
#1 Jeff Bezos $200 Billion
#2 Elon Musk $156 Billion
#3 Bill Gates $125.7 Billion
#4 Mark Zuckerberg $117.8 Billion
#5 Warren Buffett $108.1 Billion
#6 Larry Ellison $102.1 Billion
#7 Larry Page $100.7 Billion
#8 Sergey Brin $97.9 Billion
#9 Steve Ballmer $72.9 Billion
#10 Alice Walton $67 Billion
I feel like this bears repeating.

That is a massive increase in net wealth.
Bezos has lost over $62 billion THIS year. Elon Musk has lost over $69 billion this year. Mark Zuckerberg has lost $30 billion.

Does that bear repeating?
It has as much value as someone pointing out that Purdue lost 600 million in a lawsuit/fine over Oxycodone, acting like it was a meaningful loss when the same family earned 10 billion from that same product.

Let me know when these 'poor billionaires' lose so much --> they return to their 2011 net worth levels.
“The society that puts equality before freedom will end up with neither, the society that puts freedom before equality will end up with a great deal of both.” --Milton Friedman
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Re: Biden's Stock Market - 31,164 on Day 1.

#415

Post by Biker »

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Re: Biden's Stock Market - 31,164 on Day 1.

#416

Post by Biker »

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Re: Biden's Stock Market - 31,164 on Day 1.

#417

Post by Animal »

Biker wrote: Wed Aug 31, 2022 9:17 pm Image
Time for a victory lap!!!!
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Re: Biden's Stock Market - 31,164 on Day 1.

#418

Post by necronomous »

Biker wrote: Wed Aug 31, 2022 9:17 pm Image
Totally won't raise gas prices though because Biden has no influence over gas prices. Wink wink
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Re: Biden's Stock Market - 31,164 on Day 1.

#419

Post by Biker »

necronomous wrote: Wed Aug 31, 2022 9:20 pm
Biker wrote: Wed Aug 31, 2022 9:17 pm Image
Totally won't raise gas prices though because Biden has no influence over gas prices. Wink wink
Inflation Reduction Act will take care of that
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Re: Biden's Stock Market - 31,164 on Day 1.

#420

Post by Animal »

Biker wrote: Wed Aug 31, 2022 9:21 pm
necronomous wrote: Wed Aug 31, 2022 9:20 pm
Biker wrote: Wed Aug 31, 2022 9:17 pm Image
Totally won't raise gas prices though because Biden has no influence over gas prices. Wink wink
Inflation Reduction Act will take care of that
I am going to need for you to check with him first to see if he really meant that, if he was trolling or if he was just stating what he understands other people to think but he disagrees with. its very important to him that you know the difference. Thanks.
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Re: Biden's Stock Market - 31,164 on Day 1.

#421

Post by necronomous »

Animal wrote: Wed Aug 31, 2022 9:23 pm
Biker wrote: Wed Aug 31, 2022 9:21 pm
necronomous wrote: Wed Aug 31, 2022 9:20 pm
Biker wrote: Wed Aug 31, 2022 9:17 pm Image
Totally won't raise gas prices though because Biden has no influence over gas prices. Wink wink
Inflation Reduction Act will take care of that
I am going to need for you to check with him first to see if he really meant that, if he was trolling or if he was just stating what he understands other people to think but he disagrees with. its very important to him that you know the difference. Thanks.
Look how nuts you are over this shit. It follows you thread to thread. Glad I'm in your triggered head. Flat earth loving moron.
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Re: Biden's Stock Market - 31,164 on Day 1.

#422

Post by Who »

Bump
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Re: Biden's Stock Market - 31,164 on Day 1.

#423

Post by Animal »

The shadow of the round earth causes a lunar eclipse. True story.
[SHOW]
Image
^ press the word "SHOW" if you dare.
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Re: Biden's Stock Market - 31,164 on Day 1.

#424

Post by Who »

Who wrote: Thu Sep 01, 2022 1:55 amBump
This
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Re: Biden's Stock Market - 31,164 on Day 1.

#425

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