The Best Data on Middle Class Decline (Updated)
…decline (me, Lane Kenworthy, Matthew Yglesias, Kevin Drum) made me think some more about what the best way is to show what’s happened since the peak of real wages in…
…decline (me, Lane Kenworthy, Matthew Yglesias, Kevin Drum) made me think some more about what the best way is to show what’s happened since the peak of real wages in…
…is intriguing. This precedes the April 2006 peaks in the Case-Shiller Composite-10 and Composite-20 Indexes by several months, and the October 2007 peak in the S&P 500 by over 2…
…wave behavior. I can easily trace a five wave rise to the peak, and what looks like the recent end of a counter-current B-wave since the Dec. ’08 bottom. If…
…According to the Central Statistics Office of Ireland, real GDP (measured in 2009 Euros) peaked at 45,583 million Euros in the fourth quarter of 2007. It bottomed out in the…
…to less than the peak of the Laffer curve follows. The assumptions aren’t even crazy. Assume there are three types of people, the super-rich, the rich and the middle-class. Labor…
…can devalue unless they exit the EA. The table below illustrates the gains in competitiveness by key EA markets since the beginning of the peak of the last cycle, Q1…
…(EA 12 less Luxembourg) recoveries since the peak in EA real GDP, Q1 2008. The legend lists the latest Q2 2011 reading as an index to the Q1 2008 EA…
…effective rate corporations actually pay is now about 22%. That is down from about 50% in 1950 and a local peak of some 44% in the early 1980s. The right…
…(the budget deficit) was roughly 8.5% of a rolling average of GDP. This is down from its 10.6% peak in February 2010, but the level of deficit spending clearly makes…
…the market peak are painfully aware of having bought at the height of the market and have no real hope of getting back what they paid upon re-sale. Homeowners who…