The Ricks Report

The Ricks Report – February 12, 2018

The Ricks Report February 12, 2018   NUMBERS OF $IGNIFICANCE $ YOU DO THE MATH – The 4.1% unemployment rate for January 2018 that was reported by the government on 2/02/18 is based upon a survey of just 60,000 households that was completed during the week of 1/08/18.  The employment status of the individuals in…

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The Ricks Report – February 5, 2018

The Ricks Report February 5, 2018   NUMBERS OF $IGNIFICANCE $ REQUIRED MINIMUM DISTRIBUTIONS – If you turned age 70 ½ sometime in 2017, then you must begin taking annual withdrawals from your IRA accounts no later than 4/01/18. If you delay your 1st withdrawal until 4/01/18, you must also take a 2nd distribution by…

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The Ricks Report – January 29, 2018

The Ricks Report January 29, 2018   NUMBERS OF $IGNIFICANCE $ BOTH ARE AT FAULT – The national debt increased +86% during George W. Bush’s 8 years as president, reaching $10.6 trillion as of 1/20/09.  The national debt increased +88% during Barack Obama’s 8 years as president, reaching $19.9 trillion as of 1/20/17 (source: Treasury…

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The Ricks Report – January 8, 2018

The Ricks Report January 8, 2018   NUMBERS OF $IGNIFICANCE $  NOT EXACTLY – USA Today writer Kelly Kennedy predicted in a 5/22/13 article that “market forces and an impetus to attract younger, healthier people into the insurance market will help keep health insurance premiums lower as the Affordable Care Act takes effect on 1/01/14”…

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The Ricks Report – December 4, 2017

The Ricks Report December 4, 2017   NUMBERS OF $IGNIFICANCE $   BACK TO BOOM LEVELS – The median sales price of existing homes sold nationally in October 2017 is 108% of the median sales price of existing homes sold nationally in June 2007, the latter date being the peak of the real estate boom.  Sale…

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The Ricks Report – November 27, 2017

The Ricks Report November 27, 2017   NUMBERS OF $IGNIFICANCE $  STILL THE AMERICAN DREAM? – The national homeownership rate in the USA as of 9/30/17 was 63.9%, down from a peak of 69.2% as of 12/31/04.  Every 1 percentage point reduction in the home-ownership rate represents 1.2 million households that have changed from homeowner…

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The Ricks Report – November 13, 2017

The Ricks Report November 13, 2017   NUMBERS OF $IGNIFICANCE  $   INCREASE EVERYONE – Individual income taxes paid by American taxpayers would have to increase by +42% in order to eliminate our $666 billion deficit from fiscal year 2017 (source: Treasury Department).  $   COMPLETE CYCLE – The jobless rate in the United States was 5.0%…

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The Ricks Report – November 6, 2017

The Ricks Report November 6, 2017   NUMBERS OF $IGNIFICANCE MORE AND MORE RENTERS – The 111.4 million households that existed in the United States on 9/30/09 were split between 75.3 million owners and 1 million renters. The 119.1 million households in the United States on 9/30/17 were split between 76.2 million owners and 42.9…

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The Ricks Report – October 30, 2017

The Ricks Report October 30, 2017 Numbers of $ignificance  START SAVING NOW – A child born in 2017 that begins kindergarten in the fall of 2022 would attend college between the years of 2035 and 2039. If that child attended an average public in-state 4-year college and if the annual price increases for public colleges…

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The Ricks Report – October 23, 2017

The Ricks Report October 23, 2017 Numbers of $ignificance • INCREASING EQUITY – The average loan-to-value ratio in the US housing market as of 6/30/08 was 55%, i.e., the average home mortgage had 45% of equity behind it. The average loan-to-value ratio in the US housing market as of 6/30/17 was 42%, i.e., the average…

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