Facts that Make a Difference
1. COST OF LIVING - the cost to maintain your life-style will DOUBLE in 12 years if inflation averages 6% per year(source: Valley National Research)
2. BIG RED - With 2 months remaining in fiscal year 2009 (i.e., the 12 months from 10/01/08 to 9/30/09), the US government has spent $3.0 trillion, more than the nation has spent in any fiscal year ever. The 5 largest monthly deficits in history have occurred during the current 2009 fiscal year (source: Treasury Department).
3. BAD COMBO - Tax receipts collected by the US government are down 17% on a year-over-year basis. Outlays paid by the government are up +21% on a year-over-year basis (source: Treasury Department).
4. 6% - The percentage of U.S. voters who expect their taxes to be reduced during the Obama administration (source: Rasmussen Reports LLC).
5. DIFFERENT PERCENTAGES – At the time the S&P 500 reached its all-time closing high of 1565 on 10/09/07, financial stocks represented 20.1% of the index’s $13.8 trillion market capitalization. f When the S&P 500 hit a bear market closing low of 677 on 3/09/09, financial stocks represented just 8.9% of the index’s $5.9 trillion market capitalization. When the stock market closed last Friday, financial stocks represented 15.2% of the index’s $9.0 trillion market capitalization. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: Standard & Poor’s).
6. 28% - The percentage of people who hold a positive view of the banking industry, down from 36% last year (source: Gallup Poll).
7. 30% - the percentage of American adults who think the economy is improving (source: Rasmussen Reports LLC).
2. BIG RED - With 2 months remaining in fiscal year 2009 (i.e., the 12 months from 10/01/08 to 9/30/09), the US government has spent $3.0 trillion, more than the nation has spent in any fiscal year ever. The 5 largest monthly deficits in history have occurred during the current 2009 fiscal year (source: Treasury Department).
3. BAD COMBO - Tax receipts collected by the US government are down 17% on a year-over-year basis. Outlays paid by the government are up +21% on a year-over-year basis (source: Treasury Department).
4. 6% - The percentage of U.S. voters who expect their taxes to be reduced during the Obama administration (source: Rasmussen Reports LLC).
5. DIFFERENT PERCENTAGES – At the time the S&P 500 reached its all-time closing high of 1565 on 10/09/07, financial stocks represented 20.1% of the index’s $13.8 trillion market capitalization. f When the S&P 500 hit a bear market closing low of 677 on 3/09/09, financial stocks represented just 8.9% of the index’s $5.9 trillion market capitalization. When the stock market closed last Friday, financial stocks represented 15.2% of the index’s $9.0 trillion market capitalization. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: Standard & Poor’s).
6. 28% - The percentage of people who hold a positive view of the banking industry, down from 36% last year (source: Gallup Poll).
7. 30% - the percentage of American adults who think the economy is improving (source: Rasmussen Reports LLC).
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