US Savings -- March 5, 2023

Locator: 40902B.

Link here.

This guy is one of the best contributors on twitter, but he made a huge mistake in this tweet. Can you spot it? 

Okay, maybe it's not that big a deal. Maybe he's not wrong; he just could have said it better, pointing out one additional data point.

Link here.

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Area Under The Curve

By the way, do folks remember this?

The area under the curve: 

What was the area under the curve? Glad you asked. 

The above is the "personal saving rate," somewhat related to "household wealth" which increased by $13.5 trillion for Americans during the pandemic.

Link here.

The "rich get richer."

In fact, "investors get richer."

So, what's the denominator? What is total American household wealth?

Also, from FRED:

Recent stock market losses and losses in the housing market have tempered these gains. I don't have a dog in the housing market fight, but I'm buying a lot of shares on the equity market at significantly depressed prices.