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The Perfect Economic Storm
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Figure I AVERAGE WEEKLY EARNINGS GROWTH BY OCCUPATION, 1970-2007
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FIGURE II AVERAGE WEEKLY EARNINGS “REAL”GROWTH BY OCCUPATION, 1970-2007
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FIGURE III OVERALL AVERAGE WEEKLY EARNINGS GROWTH DOLLAR VS. “REAL”, 1970-2007
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AVERAGE ANNUAL HOUSEHOLD INCOME GROWTH: 1970-2006 FIGURE IV
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FIGURE V
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FIGURE VI Men’s Labor Force Participation Rate, 1965-2007
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FIGURE VII AVERAGE WEEKLY HOURS WORKED, U.S.A.
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FIGURE VIII U.S. AVERAGE HOUSE PRICES, 1975-2008 Thousands of Dollars
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FIGURE IX LONG-TERM MORTGAGE RATES
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FIGURE X GROWTH IN HOME PRICES DROPS INTO NEGATIVE RANGE
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FIGURE XI REAL ESTATE EXCEEDS STOCK’S SHARE OF PERSONAL WEALTH
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FIGURE XII SAVING RATE AS PERCENT OF DISPOSABLE PERSONAL INCOME
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Figure XIII HOUSEHOLD DEBT AS A PERCENTAGE OF DISPOSABLE INCOME, 1980-2007
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FIGURE XIV THE EXPLOSION IN THE ALTERNATIVE MINIMUM TAX
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FIGURE XV ENTITLEMENT COMMITMENTS OF PROJECTED TOTAL FEDERAL REVENUES
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FIGURE XVI FALLING TRANSPORTATION COSTS IN INTERNATIONAL TRADE
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FIGURE XVII THE FALLING COST OF INTERNATIONAL COMMUNICATIONS
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FIGURE XVIII THE GROWTH IN EMAIL
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Financial Intermediaries
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