Interest Rates and the 'Neutral Rate'

[CamoDeafie]

Just heard on CNBC that nearly 2/3rds of consumer spending in the US is being done by the top 40% of earners. The bottom 20% only account for 9% of consumer spending.

That still leaves the 40% in the middle?

"Nearly 2/3rds" isn't a simple %.

If bottom 20% of earners =spent 9%, that means 80% earners = spent 91%;

So if top 40% earners =spent 55-60% (more than half to almost 2/3rds if not 66.67% ); then the remaining 40% should account for 30-36%, give or take?

 

[Jay Walk]

100% feels the pain of money not going very far these days.
Well, except for the Pelosi's and Big Guy.

 

[solv3nt]

That still leaves the 40% in the middle?

"Nearly 2/3rds" isn't a simple %.

If bottom 20% of earners =spent 9%, that means 80% earners = spent 91%;

So if top 40% earners =spent 55-60% (more than half to almost 2/3rds if not 66.67% ); then the remaining 40% should account for 30-36%, give or take?

You smoking the same stuff as @sobo?

 

[CamoDeafie]

You smoking the same stuff as @sobo?

nope. I don't partake of any mind altering stuff other than my wife

 

[Mono1]

They can't steal if their head has been turned into a Picasso painting against a wall.

It took me a coupla days.

But THIS is Pricelessly Poetic!

 

[Stomper]

It took me a coupla days.

But THIS is Pricelessly Poetic!

Ima poet and didn't even know it!

 

[NeoBlackdog]

Ima poet and didn't even know it!

Your fingers and toes show it, they're Longfellows...
(Sorry!)

 

[ma96782]

View: https://youtu.be/65YIlwxBuvM?si=C1cJ1_WPTnSjCj9E




Awwwww.........Come on Man
Re-Elect me and things will continue......the future's so bright. (Coughing : Clears throat)










Is that you Brandon?

Aloha, Mark

PS...the FED left the rate unchanged. 05-01-24

 

[sobo]

You smoking the same stuff as @sobo?

Huh? Wha...???