Investment & Finance Thread (week July 27 - August 2 edition)

While this past week may have been pretty much nothing in the way of general asset growth (metals flat off --stocks flat in market under pressure), it's been a great week for geek number thingees, in fact we updated the link list to include Business Insider's Chart page (hat tip to Wyatt's Torch) and we've been into the income shifts that have turned the Great Recession into the gift that keeps giving.

 Chgogal gave us the headsup to the  NYTimes piece "The Typical Household, Now Worth a Third Less" and Wash. Post Chart study Median household incomes have collapsed since the recession (more here).

Seems that even the NYT and WaPo are talking about middle class money problems and they included the Census Br's Real Median Household Income crash that's been raising so many eye brows lately.

 

They focused on the trend since 2000, but what we need to remember is that (if you believe the Census Br.) we had growth before the early 2000's--

 

--and that contrasts with the steady growth of average incomes reported by the Bureau of Economic Analysis.  (Lots of agencies w/ lots of numbers for lots of our tax dollars).

 

Some folks say the problem we got is too much inequality --rich are richer but suddenly the rest of us are getting left behind.  No so; at least that "suddenly" part; it's actually a long term trend and the percent median of the average has been falling at a steady rate for decades.

What we got new in '09 is flat out income loss for all.

mho.

 

This is the thread where folks swap ideas on savings and investment --here's a list of popular investing links that freepers have posted here and tomorrow morning we'll go on with our--

Open invitation continues always for idea-input for the thread, this being a joint effort works well.   Keywords: financial, WallStreet, stockmarket, economy.