News

The Fed’s Survey of Wealth and Income Is Out: How’d You Do?

The Fed released the Survey of Consumer Finances data through 2010 yesterday, and the big story is that median family net worth declined 39% from $126,400 in 2007 to $77,300 in 2010, with median income declining 8% from $49.6K to $45.8K. There is probably something housing-wealth-effect-related to say about this.

But my own reaction to things like this is of course a competitive one; I flip through the charts thinking either “whew, still doing okay on this one” or “remind me why I became a blogger again?” For these purposes I recommend in particular Table 4 on page 17 of the report to see where you stand in the net worth league table. Households headed by under-35-year-olds had mean and median net worth of $65,300 and $9,300 in 2010, which if you work in the financial industry should I’m guessing make you feel special (or old); other numbers you might consider are college grads (mean/median net worth of $978K and $195K) and the top 10% of households by income* (mean/median of $2.9mm and $1.2mm which, let me tell you, blogging has non-financial rewards, or something).

Two quick things. First, how can you read this and not think about the battle between rentiers and proletarians? Very easily is probably your answer but I found this interesting:

This is best read in conjunction with actual income data, which I’ve thrown together here (readable form here):

So, not to get too tendentious or anything, but lots of people argue that the Fed should be taking steps to further reduce interest rates to spur employment, and lots of other people argue that the Fed should be taking steps to raise interest rates to protect savers. The above gives you a really rough guide to who’s winning. Fed Funds never went below 4.25% in 2007; since 2009 it’s been around epsilon, and across the wealth spectrum people have seen reductions in interest income. Of around two hundred bucks, at the median, or twenty-five hundred bucks, for the top 10%. Meanwhile real wages are down by thousands of dollars across the top 75%, with all but the wealthiest losing more in wage income than they are in interest. Not a guide to monetary policy but maybe helpful in keeping boosting-employment-versus-screwing-retirees debates in perspective.

The second thing is … are you not weirded out by your fellow Americans’ investment choices?


I’d focus you in particular on the columns for “Stocks,” meaning direct investments (outside of 401ks) in individual stocks, and “Pooled investment funds,” meaning all (non-MMF) mutual funds (stocks and all flavors of bonds). Here is a thing the Fed says:

The direct ownership of publicly traded stocks is more widespread than the direct ownership of bonds, but, as with bonds, it is also concentrated among high-income and highwealth families. The overall share of families with any such stock holdings declined 2.8 percentage points from 2007 to 2010, to 15.1 percent, thereby continuing a decrease observed since direct stock ownership peaked in the 2001 SCF at 21.3 percent (data not shown in the tables). Across demographic groups, declines in ownership were more common than increases, with the noticeable exception of families in the top decile of net worth, for whom ownership rose 2.5 percentage points.

So, fine, but still is it not odd that twice as many median earners have individual stocks as own mutual funds?** Much of this is I suppose employee stock ownership (35% of stock owners own their employer’s stock) but not all of it:

Loosely speaking, then, the “typical” household investor owns a single-digit number of individual stocks directly, the opposite of what I take to be the normal advice about cheap diversification through index funds. I suppose that many of those investors would have cause to regret that decision over the last five years, if they weren’t so preoccupied with their lost housing wealth.

Survey of Consumer Finances [Federal Reserve, pdf]
Family Net Worth Drops to Level of Early ’90s, Fed Says [NYT]

* That top 10%, btw, has a median income of $212K, versus $120K for the next decile; you do the math on the cutoffs.

** There’s an annoying table (page 30) of median value of holdings for families holding each asset class, which shows people owning a lot more pooled vehicles than stocks, but that is hard to compare because of the wider stock ownership. For instance, in the 20-39.9th income percentile, median stock ownership for stock owners is $8K and median mutual fund ownership for mutual fund owners is $38K, but there are almost twice as many stock owners so, whatever. Also for the 0-20th percentile its also $38K for mutual funds and $20K for stocks, which just seems obviously statistical-artifact-y.

192 comments
(hidden for your protection)
Show all comments

192 Responses to “The Fed’s Survey of Wealth and Income Is Out: How’d You Do?”

  1. dumb says:

    Is UBS still considered a financial institution, regardless I feel old.

    UBS associate quant

  2. Grinders says:

    "…the big story is that median family net worth declined 39% from $126,400 in 2007 to $77,300 in 2010."

    But we're all declining together, so it's no big deal. Right?

    • guest says:

      Actually, the median fell twice as hard as the mean, so the one-percenters took the biggest hit since the income distribution has become less negatively skewed.

      -CFA Quant

    • wadely says:

      Soft landing onto a sharp spike

  3. Sad Face says:

    What a nice, but depressing, article.

  4. 1st year says:

    Wow, I knew I made more money than my friends but… wow.

  5. lights on says:

    wait a minute. you're telling me the majority of americans are not very investment savvy? nfw.

    -Guy who has a buddy that buys penny stocks because "you get more shares for the same amount of money"

  6. Deleveraging says:

    Here is what the Fed survey on wealth fails to address. You are poorer because you are working and paying taxes, paying tuition for your 4 kids, sending your ex-wife and your mother cash. Then you have a brother-in-law that took a package from GM who is not only collecting unemployment, but also started taking Social Security at 62 and working off the books as a bartender. And of course, it is all your fault because you work on "Wall Street". You can talk till your blue in the face, it doesn't matter.

    I'm sorry, I can't help myself…

    Why are my tax dollars being wasted, paying somebody to write a report that is telling me I'm poorer! Maybe I would not be so poor if the Fed didn't have all of these over-educated, over-paid assholes sitting around blowing smoke up their own asses at my expense. Think of how much less Bess could be paying Matt if the Fed laid off 1,000 economists tomorrow and all of that talent was on the street looking for a real job. This reminds me of the 70's when the government paid people to sit around and watch farm animals having sex all day.

  7. Stupid Laymen says:

    Sorry to be serious for a second but…

    It's kind of funny to see how a financial guru looks at that chart. It's pretty unsurprising to me. I have a feeling that I'm at least sort of typical of your average working class muppet in that I look at individual stocks as a lottery ticket. I have precisely 0.005 percent of my wealth tied up in individual stocks. I don't look at that as an investment, I look at it as a gamble with disposable money.

    For actual investment I sink 8% of my income into a vanilla target fund in my 401k plan like most everyone else does. So why would I invest in bonds or index funds?

    • Prospectus says:

      You do realize that the target fund you own is simply an amalgamation of other mutual funds. So in all likelihood you do invest in bonds and/ or index funds.

      • Stupid Laymen says:

        Of course I realize that, it's my whole point. The Stocks and Pooled Investment Funds columns are only reporting "Directly held" assets. Why is it surprising that people don't invest directly in those types of assets when they already do through their retirement accounts?

  8. CasuallyRacist says:

    For the breakdown of income and savings by ethnicity I wanted to see blacks as its own category so I'd have some source to cite when I make fun of them

  9. The 1% says:

    My wealth tripled….I guess I'm the outlier…..to hell with the 99%

  10. @KzooPost says:

    Your conclusion about low stock ownership is a bit misleading since stock ownership is likely in retirement accounts where it belongs. A good question might be why only 50% of median households have retirement accounts, however.

  11. Lennie Zill says:

    Gracias por estos recursos!

  12. crork says:

    3RV2xr Im obliged for the article post.Much thanks again. Cool.

  13. lol says:

    Thanks again for the blog post.Really thank you! Great.

  14. Magnificent goods from you, man. I’ve understand your stuff previous to and you are just too fantastic. I really like what you have acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still care for to keep it smart. I can not wait to read much more from you. This is really a terrific site.

  15. Drum Now says:

    Thank you a bunch for sharing this with all people you actually recognise what you’re talking approximately! Bookmarked. Please additionally visit my site =). We will have a hyperlink change arrangement among us!

  16. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but other than that, this is wonderful blog. A fantastic read. I will definitely be back.

  17. magnificent issues altogether, you simply gained a emblem new reader. What could you suggest about your post that you simply made a few days ago? Any sure?

  18. Some truly good info , Glad I discovered this. “Love consists in this, that two solitudes protect and touch and greet each other.” by Rainer Maria Rilke.

  19. Wow, great article post. Want more.

  20. Really appreciate you sharing this blog article.Really looking forward to read more.

  21. You make a great point. Got some nice info here. I think that if more people thought about it that way, they’d have a better time get the hang ofing the issue.

  22. cialis says:

    A few things i have usually told folks is that when searching for a good on the net electronics retail store, there are a few factors that you have to consider. First and foremost, you would like to make sure to locate a reputable and reliable retail store that has picked up great testimonials and classification from other consumers and industry leaders. This will ensure you are getting along with a well-known store that provides good assistance and help to the patrons. Thanks for sharing your notions on this blog site.

  23. Internet is written with the capital letter in a sentence, by the way. And hundredths are written not with a point but with a comma. This is according to the standard. And actually everything is very good..!

  24. do you agree says:

    Hi i just came across your website from Google but encountered a wierd popup about dog hospitals which is certainly unrelated to your internet site. Is this your advertising or do i’ve a spyware issue? Thanks.

  25. Good post! Found a lot of new and interesting! Will share the link with others:D

  26. embroidery says:

    I appreciate you sharing this article.Really thank you! Keep writing.

  27. Dog Poo says:

    I cannot thank you enough for the blog article.Thanks Again. Want more.

  28. Check Here says:

    Hmmm i found 3 Simple Ways to Build a Web site For the Business,if we have commenced your own business and are looking for ways to acquire a internet site,then these ways are helpful for us.Thanks for sharing

  29. Wow, great blog post. Fantastic.

  30. Thanks-a-mundo for the article post.Really thank you! Want more.

  31. Fantastic looking web page and thank you for this excellent post

  32. There is an interesting post on Entrepreneur.com called
    “How Pinterest Is Becoming the Next Big Thing in Social Media for Business” which is worth a browse:

  33. Really appreciate you sharing this post. Great.

  34. more.. says:

    Hey would you mind sharing which blog platform you’re working with? I’m going to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something unique. P.S Sorry for getting off-topic but I had to ask!

  35. Fantastic blog.Thanks Again. Fantastic.

  36. Thanks for sharing, this is a fantastic blog article.Really looking forward to read more. Fantastic.

  37. Very neat blog.Thanks Again. Want more.

  38. Thank you ever so for you post.Much thanks again.

  39. Enjoyed every bit of your article.Much thanks again. Really Cool.

  40. see page says:

    Hello, I think your site might be having browser compatibility issues. When I look at your website in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, wonderful blog!

  41. In the grand pattern of things you’ll receive an A+ with regard to effort. Where you lost me was on all the details. As people say, details make or break the argument.. And it could not be much more accurate at this point. Having said that, permit me inform you what exactly did deliver the results. Your text is certainly very convincing and that is possibly the reason why I am taking an effort to opine. I do not really make it a regular habit of doing that. Second, while I can see the leaps in reason you come up with, I am not necessarily convinced of just how you appear to connect your ideas which help to make the final result. For the moment I will yield to your point however wish in the future you actually connect the dots better.

  42. The core of your writing while sounding reasonable at first, did not really settle well with me personally after some time. Somewhere within the sentences you managed to make me a believer but only for a short while. I nevertheless have got a problem with your leaps in assumptions and one might do well to fill in all those breaks. When you actually can accomplish that, I could definitely end up being impressed.

  43. pikalaina says:

    Im thankful for the blog.Really thank you! Will read on…

  44. I cannot thank you enough for the article post.Really thank you! Great.

  45. Have you ever thought about creating an e-book or guest authoring on other sites? I have a blog based on the same ideas you discuss and would love to have you share some stories/information. I know my subscribers would value your work. If you are even remotely interested, feel free to send me an e-mail.

  46. Trainingen says:

    I loved your blog post. Keep writing.

  47. Read This says:

    Hey! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no backup. Do you have any methods to stop hackers?

  48. wow, awesome post.Thanks Again.

  49. WordPress says:

    Thanks a bunch for sharing this with all of us you really understand what you’re talking approximately! Bookmarked. Kindly also discuss with my web site =). We will have a link change contract between us!

  50. Thanks for the ideas shared on your blog. Something else I would like to express is that losing weight is not supposed to be about going on a dietary fads and trying to reduce as much weight as you’re able in a couple of days. The most effective way to shed weight is by getting it slowly and following some basic tips which can allow you to make the most from a attempt to lose weight. You may learn and already be following these tips, although reinforcing understanding never affects.

  51. crork says:

    WXyC5l Muchos Gracias for your blog post.Much thanks again. Awesome.

  52. Thank you for your blog article.Thanks Again. Cool.

  53. Really informative post.Thanks Again. Fantastic.

  54. cash advance says:

    wow, awesome post.Really looking forward to read more. Will read on…

  55. This is one awesome blog article.Thanks Again. Want more.

  56. Thank you ever so for you blog post.Really looking forward to read more. Fantastic.

  57. My partner and I absolutely love your blog and find a lot of your post’s to be just what I’m looking for. Does one offer guest writers to write content to suit your needs? I wouldn’t mind creating a post or elaborating on a few of the subjects you write concerning here. Again, awesome site!

  58. Muchos Gracias for your blog article.Really looking forward to read more. Want more.

  59. Enjoyed every bit of your article.Really thank you! Great.

  60. I’ve got study quite a few your posts when i needs to own up you might have bonce to the! Wonderful scans them, things are apparent and! How exciting!

  61. I cannot thank you enough for the article post.Much thanks again. Keep writing.

  62. Great, thanks for sharing this article.Really looking forward to read more. Awesome.

  63. Really informative blog post.Much thanks again.

  64. Very well written information. It will be helpful to everyone who utilizes it, including yours truly :). Keep doing what you are doing – can’r wait to read more posts.

  65. I am continually searching online for ideas that can assist me. Thanks!

  66. scott satov says:

    Pretty great post. I just stumbled upon your blog and wished to say that I have truly loved surfing around your blog posts. After all I’ll be subscribing in your rss feed and I’m hoping you write again very soon!

  67. hair says:

    I am not sure where you are getting your information, but great topic. I needs to spend some time learning much more or understanding more. Thanks for magnificent information I was looking for this information for my mission.

  68. hip hop news says:

    Incredible! This blog looks just like my old one! It’s on a totally different subject but it has pretty much the same layout and design. Superb choice of colors!

  69. My brother recommended I might like this website. He was once totally right. This post actually made my day. You cann’t imagine simply how a lot time I had spent for this info! Thanks!

  70. roomplus says:

    Muchos Gracias for your blog. Keep writing.

  71. Thanks again for the article.Thanks Again. Want more.

  72. procera says:

    Great post. Great.

  73. Really appreciate you sharing this blog post.Really thank you! Awesome.

  74. Muchos Gracias for your blog article.Really thank you! Fantastic.

  75. Leadership says:

    What’s Happening i’m new to this, I stumbled upon this I have found It positively helpful and it has aided me out loads. I hope to contribute & assist other users like its aided me. Great job.

  76. Looking forward to reading more. Great article post.Really looking forward to read more. Much obliged.

  77. Fantastic blog.Thanks Again. Really Cool.

  78. htCg6s Im obliged for the blog article.Really thank you! Really Cool.

  79. Bert Gulick says:

    I think this is a real great article post.Thanks Again. Much obliged.

  80. Fantastic blog.Much thanks again. Really Cool.

  81. Really informative blog post.Really thank you! Really Cool.

  82. Pretty component to content. I simply stumbled upon your site and in accession capital to assert that I acquire actually loved account your weblog posts. Any way I will be subscribing on your feeds and even I achievement you get entry to consistently fast.

  83. I found your weblog website on google and check a couple of of your early posts. Proceed to keep up the superb operate. I just extra up your RSS feed to my MSN News Reader. Looking for forward to studying more from you afterward!…

  84. Learn More says:

    Its like you read my thoughts! You seem to grasp a lot approximately this, such as you wrote the guide in it or something. I feel that you simply could do with a few p.c. to drive the message home a bit, but other than that, this is great blog. An excellent read. I’ll certainly be back.

  85. Used Vans says:

    I think this is a real great blog article.Really looking forward to read more. Great.

  86. Im obliged for the article post.Much thanks again. Keep writing.

  87. Im thankful for the post.Really thank you! Will read on…

  88. Really enjoyed this post.Really looking forward to read more. Really Great.

  89. Gifting says:

    Hello would you mind letting me know which webhost you’re utilizing? I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot faster then most. Can you recommend a good internet hosting provider at a honest price? Many thanks, I appreciate it!

  90. I am so grateful for your article.Really looking forward to read more. Want more.

  91. Mack Labeots says:

    My spouse and i are now delighted that Albert could perform his studies due to the suggestions he had by your online page. It truly is from time to time perplexing to simply normally be giving freely actions which some individuals might have been advertising. So we totally grasp we’ve obtained you for being grateful to for that. A lot of the explanations you made, the simple website navigation, the relationships you support to instill it really is generally outstanding, and it really is aiding our son and us believe that that report is entertaining, and that is unbelievably critical. Thanks for all!

  92. I value the blog article.Thanks Again. Keep writing.

  93. event says:

    I cannot thank you enough for the blog.Really thank you! Cool.

  94. I really liked your blog post.Really thank you! Great.

  95. Eufemia Keer says:

    Get for your cause that on to obtain the optimum comfort. It includes a piled three-inch rearfoot and it’s appropriate for most events. Conserve these for any night out close to city once you in no way truly feel like donning tall higher heel sandals also like a gown. It is possible to nevertheless appear advanced with because of the reality together with skinny jeans. Get dressed with any buckskin coat to finish the look.

  96. Wow, great blog.Thanks Again. Will read on…

  97. beauty says:

    Pretty section of content. I just stumbled upon your site and in accession capital to assert that I get actually enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently quickly.

  98. recharge says:

    Major thankies for the blog article.Much thanks again. Great.

  99. wow, awesome blog.Thanks Again. Cool.

  100. I cannot thank you enough for the article. Great.

  101. Hey, thanks for the blog post.Really looking forward to read more. Much obliged.

  102. Major thankies for the blog post.Thanks Again. Great.

  103. I was searching on Yahoo for affiliate networks that pay via paypal when I found your site. You have some great advice to offer, I’ll be sure to watch for more from you, you can never have too much information.

  104. wow, awesome post. Fantastic.

  105. webscribble says:

    Muchos Gracias for your article post. Will read on…

  106. madamlux says:

    Hi, I think your blog might be having browser compatibility issues. When I look at your blog in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!

  107. I like what you guys tend to be up too. This sort of clever work and coverage! Keep up the great works guys I’ve added you guys to my blogroll.

  108. I really liked your blog article.Really looking forward to read more. Will read on…

  109. I like the valuable information you provide on your articles. I will bookmark your blog and check again here frequently. I’m somewhat certain I will be told a lot of new stuff right right here! Good luck for the following!

  110. This is one awesome blog. Cool.

  111. Breitling says:

    Thank you ever so for you post.Really looking forward to read more.

  112. increase says:

    Really enjoyed this article.Much thanks again. Much obliged.

  113. cheap says:

    Major thanks for the blog article.Really thank you! Great.

  114. Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a little bit, but other than that, this is great blog. A great read. I’ll certainly be back.

  115. Wow, great article post.Much thanks again. Will read on…

  116. I truly appreciate this blog article.Thanks Again. Great.

  117. You can certainly see your enthusiasm in the paintings you write. The arena hopes for more passionate writers such as you who are not afraid to say how they believe. At all times go after your heart. “Faith in the ability of a leader is of slight service unless it be united with faith in his justice.” by George Goethals.

  118. I’ve been surfing on-line greater than 3 hours today, yet I never found any attention-grabbing article like yours. It is beautiful price enough for me. In my view, if all website owners and bloggers made good content material as you did, the web will probably be a lot more helpful than ever before.

  119. Box Trucks says:

    Wow, marvelous blog structure! How lengthy have you ever been running a blog for? you make running a blog look easy. The total look of your website is magnificent, let alone the content!

  120. As being a happy owner of a restored ’69 SingleCab, the sight of that shortie designed me puke in my mouth just a bit. Yecchhh….

  121. mca scam says:

    Major thanks for the blog post.Thanks Again. Really Great.

  122. I loved your post.Thanks Again. Great.

  123. you’re really a good webmaster. The website loading speed is incredible. It seems that you’re doing any unique trick. In addition, The contents are masterpiece. you’ve done a fantastic job on this topic!

  124. zija says:

    I cannot thank you enough for the blog article. Want more.

  125. Im obliged for the blog post.

  126. I cannot thank you enough for the blog post.Thanks Again. Awesome.

  127. Really appreciate you sharing this article.Really looking forward to read more. Great.

  128. Drew Hoekman says:

    I doubt which the model shown can realize this purpose. The car is quite wonderful, but seems like a Lexus and, in my check out, lacks the necessary appeal or distinctiveness to become a collectible.

  129. You are my breathing in, I possess few blogs and occasionally run out from post :). “Yet do I fear thy nature It is too full o’ the milk of human kindness.” by William Shakespeare.

  130. I take pleasure in, result in I discovered just what I used to be taking a look for. You’ve ended my 4 day lengthy hunt! God Bless you man. Have a nice day. Bye

  131. Wonderful goods from you, man. I have bear in mind your stuff prior to and you are simply extremely magnificent. I really like what you’ve received here, certainly like what you are saying and the way through which you are saying it. You’re making it entertaining and you continue to take care of to keep it sensible. I can’t wait to read far more from you. This is actually a great web site.

  132. Dallas Fox says:

    Of course, what a fantastic website and revealing posts, I surely will bookmark your website.All the Best!

  133. Thanks there is rather a couple of images of them, and most glance pretty superior, a person source mentioned that Countrywide Coach Products would nonetheless do a conversion in your case, but I imagine its very a bit greater than it absolutely was 30 a long time ago.

  134. Hey, thanks for the blog.Really thank you! Much obliged.

  135. Appreciate you sharing, great article.Really looking forward to read more. Really Great.

  136. I cannot thank you enough for the article post.Thanks Again.

  137. Really enjoyed this post. Want more.

  138. Im thankful for the blog article.Thanks Again. Much obliged.

  139. Really enjoyed this article post.Really looking forward to read more. Really Cool.

  140. Great, thanks for sharing this post.Really thank you!

  141. Ider1943 says:

    dispatch Fire Marshall Bill for an assist’ visit.Another Betime tottyGirl on the Right:No Pants Friday pinup. Possible threat to The Pirate’s Cove here. This blog is officially Swiss, without so

  142. Appreciate you sharing, great post.Really looking forward to read more. Will read on…

  143. Good day! I do not see the conditions of using the information. May I copy the text from here on my site if you leave a link to this page?!…

  144. Hello! How do you feel about young composers?!…

  145. George Radio says:

    Really informative blog article. Really Great.

  146. zombie info says:

    Thanks a lot for the blog article.Much thanks again. Want more.

  147. date for men says:

    Very informative blog post.Really thank you! Awesome.

  148. Current blog, fresh information, I read it from time to time!!…

  149. Im thankful for the blog article.Really looking forward to read more. Awesome.

  150. Appreciate you sharing, great article.Much thanks again. Much obliged.

  151. Hey, thanks for the blog article.Really thank you! Keep writing.

  152. I really like and appreciate your article post.Much thanks again. Fantastic.

  153. Major thanks for the blog. Will read on…

  154. more info says:

    Enjoyed every bit of your blog.Really thank you! Want more.

  155. wow, awesome blog.Thanks Again. Much obliged.

  156. ptfe says:

    HI, Thank for your blog. I love your blog. Hope more !! [url=http://www.aulun.com]ptfe[/url][url=http://www.aulun.com]Teflon[/url]

  157. I cannot thank you enough for the post.Really looking forward to read more. Cool.

  158. This is one awesome blog article.Really looking forward to read more. Fantastic.

  159. I cannot thank you enough for the blog.Thanks Again. Keep writing.

  160. teflon rods says:

    Thank for your blog. I love your it and your family ! [url=http://www.teflon-rod.com]PTFE[/url]

  161. Adult toys says:

    Enjoyed every bit of your blog.Thanks Again.

  162. lipo 6 black says:

    Fantastic blog post.Really looking forward to read more. Cool.

  163. Very neat blog article.Much thanks again. Want more.

  164. It is the best time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I want to suggest you few interesting things or advice. Perhaps you can write next articles referring to this article. I desire to read more things about it!

  165. oil art says:

    I am so grateful for your article.Much thanks again. Awesome.

  166. lift says:

    I really enjoy the blog post.Really looking forward to read more. Much obliged.

  167. I appreciate you sharing this article post.Really thank you! Great.

  168. Biometics says:

    A round of applause for your blog article. Really Great.

  169. Major thanks for the article post.Really thank you! Cool.

  170. I`m so grateful that you enlightened me and the most important thing that it happened in time. Just think, I have been using the internet for six years already but it`s the first time I`ve ever heard about it!…

  171. Wristlets says:

    Muchos Gracias for your article.Really thank you!

  172. Say, you got a nice blog article.Thanks Again. Cool.

  173. I would add something else, of course, but in fact almost everything is mentioned!…

  174. […]very few internet sites that transpire to be in depth beneath, from our point of view are undoubtedly very well really worth checking out[…]

  175. Really appreciate you sharing this blog post. Great.

  176. Really informative blog.Really looking forward to read more. Want more.

  177. A round of applause for your post.Much thanks again. Great.

  178. Teflonrod says:

    Thank for your blog. It is Goood, Hope more for it. [url=http://www.nylon-rod.com]PTFE[/url] [url=http://www.fluoroplastic.cn]PTFE[/url] [url=http://www.teflonrod.com]PTFE[/url]

  179. Enjoyed every bit of your blog.Really looking forward to read more. Keep writing.

  180. Thanks for the blog post.Really thank you! Keep writing.

  181. This is one awesome post.Really looking forward to read more. Fantastic.

  182. Thanks-a-mundo for the blog article. Great.