According to the latest NBC/WSJ Survey …
49% of the people surveyed approved of the job that Obama is doing as President.
But, only 23% think that he’s very honest.
Drilling down …
Obama’s ‘top box’ honesty score has slipped 18 pp since his first days in office … from 41% to 23%.
In January 2009, his net ‘very’ score – very good minus very poor – was plus 33.
Now, his net ‘very’ score is underwater by 7 pp … 23% to 30%.
There’s still more …
According to the Federal Reserve Bank of St. Louis’ 2012 Annual Report …
In nominal terms (i.e. ignoring inflation) aggregate household net worth at the end of 2012 was $66.1 trillion, nearly back to its precrisis peak of $67.4 trillion, reached at the end of the third quarter of 2007.
After falling to $51.4 trillion at the end of the first quarter of 2009, the subsequent increase of $14.7 trillion through the end of last year.
In other words – nominal aggregate household net worth (the blue line) is almost back to where it was before the financial crisis … call it down 3% from the peak.
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But … there’s way more to the story.
The Homa Files 