RE and economic charts: 2011-10-16

Saturday, October 22, 2011

The New “Household” Misery Index: August 2011

[mEDITate-OR:
not realize that THIS index does NOT include "home values"....!

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Bcuz the numbers being used are for longer periods
and
probably bcuz we have not seen such massive home value declines in our lifetimes
so, arguably, in the past, it didn't matter significantly.

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This Great Recession has blown most normal indexes off their normal validity.
Just as NAR did not include "foreclosures" in their monthly index
bcuz they thought that they were irrelevant - (and they were) !!
But, That was Then, and This is NOW.

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Go to the Paper Money web site and look at the BIG chart.
No, that is not a suggestion, tis a requirement.
For a passing grade.

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The New “Household” Misery Index: August 2011
http://paper-money.blogspot.com/2011/10/new-household-misery-index-august-2011.html
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38 Million Workers Made Less Than $10,000 in 2010 - Equal to California's Population

[mEDITate-OR:
not see that we have been Californicated...
---
income states obama.png

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38 Million Workers Made Less Than $10,000 in 2010
— Equal to California's Population
http://cdn.theatlantic.com/static/mt/assets/business/income%20states%20obama.png
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50% of All Workers Made Less than $26,000 in 2010 + 99% of Americans Made Less Than $250,000 in 2010

[mEDITate-OR:
not see that it is even worse than Daniel and Derek point out.
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As you too will see in the charts at the bottom..
what is also true is that some of U.S. are still making a lot more money.
Two industries - medical and biotech/science - are
while two industries - construction and restaurants - are not.
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While TJefferson tried to tell U.S. that "all men are created equal"...
it was a left leaning (no pun intended) fictional Animal Farm to point out
that some "animals", sadly, "are much more equal than others"

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JGBellHimself's Comment.
As tcolgan points out this can, if not fully understood, be very misleading.
Given that, we would paraphrase Dan:
that since half of U.S. make less than US$ 26,000 a year
- men a little more and women a little less -
being a single mother with 2 kids in an average household of three is
VERY DIFFERENT than a couple earning US$ 250,000 each
- and that does not include their investment income.
However, in fairness, Dan was an "investment bankster" and probably did not work with either of them, and more likely than not has never met a single mother, or Those People living on only SS benefits. Except possibly his own, sooner or later.
Half of U.S. have incomes of less than US$ 25,000; but, if we deport all those immi-grunts, the numbers will go up, won't they.
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50% of All Workers Made Less than $26,000 in 2010
http://www.theatlantic.com/business/archive/2011/10/50-of-all-workers-made-less-than-26-000-in-2010/247059/
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99% of Americans Made Less Than $250,000 in 2010
http://www.theatlantic.com/business/archive/2011/10/chart-of-the-day-99-of-americans-made-less-than-250-000-in-2010/247105/
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Existing Home Sales Report: Sept

[mEDITate-OR:
not see "seasonality" is driving U.S. nuts.
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Existing Home Sales Report: Sept
http://paper-money.blogspot.com/2011/10/existing-home-sales-report-september.html
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New Residential Construction Report: Sept 2011

[mEDITate-OR:
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New Residential Construction Report: Sept 2011
http://paper-money.blogspot.com/2011/10/new-residential-construction-report.html
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US Trade Deficit = Oil, the Dollar and the Trade Deficit = Virtually Unchanged At $45.6 Billion In Aug

[mEDITate-OR:
see that we PAY for oil and we PAY for Christmas toys...
and
borrow from The Gulf Oil States
and Venezuela, Nigeria, Mexico and Canada to do it.
Well, we also borrow from China...
but who is counting that.
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US Trade Deficit =
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Oil, the Dollar and the Trade Deficit
http://www.zacks.com/stock/news/62628/Oil,+the+Dollar+and+the+Trade+Deficit
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Virtually Unchanged At $45.6 Billion In Aug
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China Sept trade surplus reveals further fall + Weak demand hits trade surplus

[mEDITate-OR:
assume that what we are told about China's trade balances is accurate or true.
only to discover that it is not.
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China Sept trade surplus reveals further fall
http://www.chinadaily.com.cn/china/2011-10/14/content_13895153.htm
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Weak demand hits trade surplus
http://english.peopledaily.com.cn/90778/7616753.html
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Canada trade deficit up slightly + Canada to feel bite of Chinese trade slowdown + Canada's share of world trade shrinking

[mEDITate-OR:

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Canada trade deficit up slightly
+
Canada to feel bite of Chinese trade slowdown
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Canada's share of world trade shrinking
http://money.canoe.ca/money/business/canada/archives/2011/10/20111011-165041.html
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Japan's Current Account = surplus falls 64.3% + Energy Imports Weaken Post-Disaster Energy Import Surge Weakens

[mEDITate-OR:
not see the continuing effects of the tsunami
huge declines in exports
coupled with huge increases in fuels to offset the closed nuclear plant.
a double whammy
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Japan's Current Account = surplus falls 64.3%
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Energy Imports Weaken Post-Disaster Energy Import Surge Weakens
http://online.wsj.com/article/SB10001424052970203499704576623720756228428.html?mod=googlenews_wsj
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German Exports Rebound up 3.5% In Aug + First Time in Three Months = trade surplus increased unexpectedly to EUR 11.8 billion (US$15.9 billion)

[mEDITate-OR:
not marvel at what Germany is able to continue to do.
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Germany is the world’s second largest exporter, after China.

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German Exports Rebound up 3.5% In Aug + First Time in Three Months = trade surplus increased unexpectedly to EUR 11.8 billion (US$15.9 billion)
http://www.finfacts.ie/irishfinancenews/article_1023280.shtml
http://www.rttnews.com/ArticleView.aspx?Id=1730442
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MBA+FMac Reading Rates Survey: Oct 19 2011 = 30-year fixed mortgage rates falls to 4.11%

[mEDITate-OR:
assume that with low mortgage interest rates that YOU can get one.
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MBA+FMac Reading Rates Survey: Oct 19 2011
http://paper-money.blogspot.com/2011/10/reading-rates-mba-application-survey_19.html
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30-year fixed mortgage rates falls to 4.11%
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State Unemployment Rates "little changed" in September + INTERACTIVE: Where the jobs are + State unemployment rates

[mEDITate-OR:

assume that the numbers for your state

are also the numbers for where you live.

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For example AZ is said to grow +.9%

however Phoenix will be only +.1% and Tucson is -.6%

Washington is said to grow by +.9%

but, Olyberg is -.8%, Tackyoma is +.2%, Seattle is +.6%, and Bellingham is -.2%

Oregons is said to grow by a full 1.0%

but, Eugene is -.3%, Salem is -.7% and Portland is +.6%

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From the BLS:

"Forty-six states recorded unemployment rates that were not appreciably different from those of a year earlier."

From CR:

The fact that 46 states have seen little or no improvement over the last year is a reminder that the unemployment crisis is ongoing.

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And, notice that the West Coast states are ALL below the national average

with Nevada and Cal the absolute worst.

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The interactive by USA Today and Moody's Analytics provides you and U.S. with a fascinating by city or by state view of where we might be going.
So, take a look at your home town and state.
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State unemployment

Rank	State	Sept. 2011

1	NORTH DAKOTA	3.5%

2	NEBRASKA	4.2%

3	SOUTH DAKOTA	4.6%

4	NEW HAMPSHIRE	5.4%

5	VERMONT	5.8%

5	WYOMING	5.8%

7	OKLAHOMA	5.9%

8	IOWA	6.0%

9	HAWAII	6.4%

10	VIRGINIA	6.5%

11	NEW MEXICO	6.6%

12	KANSAS	6.7%

13	LOUISIANA	6.9%

13	MINNESOTA	6.9%

15	MASSACHUSETTS	7.3%

16	MARYLAND	7.4%

16	UTAH	7.4%

18	MAINE	7.5%

19	ALASKA	7.6%

20	MONTANA	7.7%

21	WISCONSIN	7.8%

22	NEW YORK	8.0%

23	DELAWARE	8.1%

24	WEST VIRGINIA	8.2%

25	ARKANSAS	8.3%

25	COLORADO	8.3%

25	PENNSYLVANIA	8.3%

28	TEXAS	8.5%

29	MISSOURI	8.7%

30	CONNECTICUT	8.9%

30	INDIANA	8.9%

32	IDAHO	9.0%

33	ARIZONA	9.1%

33	OHIO	9.1%

33	WASHINGTON	9.1%

36	NEW JERSEY	9.2%

37	OREGON	9.6%

38	KENTUCKY	9.7%

39	ALABAMA	9.8%

39	TENNESSEE	9.8%

41	ILLINOIS	10.0%

42	GEORGIA	10.3%

43	NORTH CAROLINA	10.5%

43	RHODE ISLAND	10.5%

45	FLORIDA	10.6%

45	MISSISSIPPI	10.6%

47	SOUTH CAROLINA	11.0%

48	DISTRICT OF COLUMBIA	11.1%

48	MICHIGAN	11.1%

50	CALIFORNIA	11.9%

51	NEVADA	13.4%

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State Unemployment Rates "little changed" in September
http://www.calculatedriskblog.com/2011/10/state-unemployment-rates-little-changed.html
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INTERACTIVE: Where the jobs are
http://www.usatoday.com/money/economy/story/Jobs-Forecast-2011/34083932/1
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State unemployment rates
http://www.usatoday.com/money/economy/story/2011-10-21/unemployment-states-september/50854214/1
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