Talking Points: S&P 500, Bitcoin, Bankruptcy

The first-year average gain for first-term presidents since 1928 has been 13%. Trump’s performance, as measured by the S&P 500, was up 23%. Obama’s first year saw the S&P gain 41%. CNBC, January 18, 2018

The Bitcoin exchange ‘Coinbase’ opened over 300,000 new accounts over the 2017 Thanksgiving weekend, which now makes them larger (in terms of clients) than the brokerage firm, Charles Schwab. CNBC, November 27, 2017

“The Davos Economic Forum: Where Billionaires, tell Millionaires how the middle class feels.” Jamie Dimon

If you added up all the days that the market was down in 2017, the total was equivalent to only -27.36%, which is the lowest percentage of cumulative lows since 1915. Seeking Alpha, January 19, 2018

In the United Kingdom, the birthplace of the industrial revolution, carbon emissions fell to the lowest levels since 1894, and on the 21st of April the country did not burn any coal for the first time in 140 years. Independent UK, March 6, 2017

NFL players make an average of $1.9 million a year, 15% declare bankruptcy, while Sports Illustrated estimates that 78% end up coming close and/or experience significant financial stress. Yahoo Finance, January 13, 2018

“Nothing is more unfair than to judge the men of the past by the ideas of the present.” Barbara W. Tuchman

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