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Archive for December, 2011

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Gallop Poll: Americans Set “Rich” at $150,000 in Income (or $1 Million Net Worth)

Tuesday, December 13th, 2011

This poll from Gallup is getting some attention. They asked this question: I did some searching and found that the median income for the United States is around $49,000 per year. So, it’s not a stretch to see that the median income to be considered “rich” would be around $100,000 more than the current median […]

Continuing the “Income Inequality” Discussion…

Tuesday, December 13th, 2011

In light of yesterday’s post, I thought I’d share this piece from the New York Times: Top Earners Not So Lofty in the Days of Recession. I noticed some inconsistencies with the numbers in yesterday’s post. From the NYT’s piece (bold mine): The share of income received by the top 1 percent — that potent […]

Alan Reynolds on Income, Taxes, and Inequality

Monday, December 12th, 2011

I saw this piece by Alan Reynolds in last Tuesday’s WSJ in response to a recent CBO Study (PDF here but I could not get it to load properly so be warned). The CBO released the report on household income in October, 2011 but the data only goes from 1979 – 2007. Why? It’s 2011. […]

Some Tidbits from MF Global’s Website

Friday, December 9th, 2011

By now, you all are probably familiar with the MF Global story so I won’t go into the details here (if you’re not familiar, Google is your friend). For fun, I went to their website this morning just to see what it looked like. The first thing I noticed was this statement on their homepage: […]

Chart of the Day – Food Stamp Usage…UGH!

Thursday, December 8th, 2011

I found this chart in this

Burton Malkeil on Bonds

Thursday, December 8th, 2011

Interesting piece in yesterday’s WSJ by Burton Malkiel (of Random Walk Down Wall Street fame). The point of his piece is that bond yields will most likely fall below inflation for years to come due to excessive debt and low interest rates and that investors should take a look at their portfolios and make some […]

The Average Foreclosure Length: 631 Days!

Friday, December 2nd, 2011

Saw this on CNBC.com this morning: Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 631 days, according to a new […]

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