Recession, Savings, Housing Market, & Record Sale
In the world today, fewer than 10 countries are in a recession, the lowest number ever. MarketWatch, November 13, 2017
Going back seven decades, there have only been 10 years in which the S&P stayed “in the black” for the whole year, as it has done so far in 2017. What came next? The index traded up the next year eight times and down twice. Morningstar.com, November 14, 2017
“Hollywood is a place where they’ll pay you a thousand dollars for a kiss and fifty cents for your soul.” Marilyn Monroe
Today, the average savings rate in America is 3.1%. From 1950 to 2000, it averaged about 9.8%. It peaked in May of 1975, hitting 17% before beginning to slide. At its lowest, in July 2005, it was 1.9%. Los Angeles Times, August 19, 2017
Leonardo da Vinci’s “Salvator Mundi” just sold for a record $450.3 million. The painting, once mistaken for a copy, sold in 1958 for $59. CNN November 16, 2017
Between 2010 and 2016, in the nation’s 24 largest metropolitan housing markets, just four showed median home price appreciation that was higher than the median return of a stock portfolio. CNBC.com November 17, 2017
So many Walmart shoppers drew their own handguns when a shooter opened fire at a Colorado store last week, police said they had difficulty identifying the actual suspect on surveillance footage. The Denver Post, November 2, 2017
