By The NumbersSubmitted by S. F. Ehrlich Associates, Inc. on March 31st, 2017
Source: Direxion Funds
By the numbers…....
- Total credit card debt in the US dropped in January 2017 to $996 billion, the first month-over-month decrease since February 2016. The peak in credit card debt was $1.022 trillion in April 2008.
- Since 1950, there have been 58 different 10-year periods (i.e., the 10 years from 1950-1959, 1951-1960, etc.). The S&P 500 produced an average annual total return of less than +7% during 15 of the 58 decade-long periods (26% of the time). 19 of the 58 periods (33% of the time) resulted in an average annual total return of at least +14%.
- The S&P 500 has produced a positive total return in 56 of the 58 10-year periods, or 97% of the time.
- The US exported more goods and services in calendar year 2016 to the UK and Japan ($119 billion) than we exported to China ($116 billion). The population of China (1.39 billion) is 7 times the size of the 192 million people living in the UK and Japan combined.
- Earnings up to $127,200 in 2017 are subject to employee-paid payroll taxes of 6.2% that support Social Security benefits. An estimated 6% of American workers will make more than $127,200 in 2017.
- There were 1.65 million existing homes for sale nationwide as of 12/31/16, a total that has dropped 460,000 in the last 6 months. The 1.65 million homes for sale is the lowest level since that statistic began being recorded in 1999.
- The nation’s unemployment rate was 4.8% as of January 2017. Adults age 25 and older with at least a bachelor’s degree have just a 2.5% unemployment rate. (The lowest unemployment rate in US history was 2.5% in June 1953.)
- Ames, IA had the lowest unemployment rate (2.1%) while El Centro, CA had the highest (18.8%).
- Only 36% of all job in the US require education beyond high school, which means 64% of jobs require a high school diploma or less. 27% of jobs do not require any formal educational criteria.
- The morning after closing at a bear market low of 677 on Monday, March 9, 2009, John Authers (journalist for the Financial Times newspaper) wrote: “…perhaps the greatest reason for hope (for the US stock market) at present is that almost all hope seems to have been lost.” At the time of Authers’ forecast, the S&P 500 had fallen 57% over the previous 17 months.
- The US has kept records on economic expansions and contractions since 1854. The current expansion, which began in July 2009 is in its 93rd month. It is the third longest expansion in history, trailing only expansions that ran from 1991-2001 and from 1961-1969.
- The world consumes 98 million barrels of oil per day. 40% of the world’s oil supply is produced from less than 2% of the world’s largest operating oil fields.
- There were 404 operating oil rigs in the US (on land and offshore) as of 5/27/16. There were 809 operating oil rigs in the US as of 3/24/17. Thus, the number of oil rigs has doubled in the last 10 months.
- 40% of the 75 million single family American homes that are owner-occupied as of 12/31/16 were built before 1970.
- 43% of American adults that have health insurance coverage in force today have difficulty affording their deductible.
- 63% of American adults do not have $500 in a savings account to cover an emergency expense.
Source: “By The Numbers.” Direxion ETFs & Funds, 13 Feb. 2017 through 27 Mar. 2017.