Mid-Week Open Thread (2009-12-16)

Here is your open thread for the mid-week on December 16th, 2009. You may post random links and off-topic discussions here. Also, if you have an idea or a topic you’d like to see covered in an article, please make it known.

Be sure to also check out the forums, and get your word in the user-driven discussions there!

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About The Tim

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. Tim also hosts the weekly improv comedy sci-fi podcast Dispatches from the Multiverse.

5 comments:

  1. 1

    What is Middle Class Anymore?

    Is it the $40-50K avg income per household?

    Is it the top 10% of American household incomes, i.e., $90K on up?

    Does the avg wage per household include the top 1% making it approx.flat a complete exageration?

    An excerpt from Pete Murphy’s “Five Short Blasts”, Chapter 1, The Economy’s Doing So Great, [bear in mind the book was written in 2007, before the horrifying collapses of household incomes in 2008-2009]:

    “…Here, once again, we see that at least half of all American families, represented by the medium line, have faired poorly over the last three decades. Medium income was growing nicely until the mid-70s. From that point it declined sharply until 1992, at which time it began a slow rebound. Yet, as of 2004, it remained 1.5% below its peak in 1976. Why is this? You have to wonder. Did something happen at that time in the mid-70s, that caused the earning power of most Americans to grind to a halt?…” [I’d add too, household incomes started adding more wage earners per house about that time too, what good it did]

    Pete also makes it clear in Chapter 1:

    “…The rich are getting richer – much, much richer – while the poor are getting poorer and while the middle class melts away. Virtually all the growth in wages and salaries, household and family incomes is concentrated in the upper class elite of American society….”

  2. 2
    Hugh Dominic says:

    This is just part of a new global stratification. The bottom Americans will converge towards wages in india and china. The top of india and china will converge to wages in the us.

  3. 3

    Tim, is there any way to turn off the post preview feature, where your post appears below as you type? At times it really slows things down, and I’ve not really found it to be useful for much of anything.

  4. 4
    The Tim says:

    RE: Kary L. Krismer @ 3 – At this time there is no way to disable it per-user. I can add “modify the comment preview function” to my to-do list though. See the latest post that went live 3 minutes after your comment :^)

  5. 5

    Returning to economic news, I think the biggest threat to the economy might be Iran. They seemingly are eager for confrontation, probably to rally the population behind the government. They apparently captured an Iraqi oil well today.

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