tag:blogger.com,1999:blog-6616959642391988608.post7397964563448150631..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Households' balance sheets continue to improveScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-46894319050489494082012-12-07T11:06:32.378-08:002012-12-07T11:06:32.378-08:00Thanks Bill, it's nice to have my theory confi...Thanks Bill, it's nice to have my theory confirmed by the facts on the ground.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76603097421052656932012-12-07T10:50:19.622-08:002012-12-07T10:50:19.622-08:00Wanted to report from down under re your PPP analy...Wanted to report from down under re your PPP analysis from a few days back. Your .66 valuation calculation feels right. Petrol, Big Macs, shampoo at Target, even fresh vegetables at the local IGA are all right in that range. A lot of crying and moaning about costs from the locals here in Melbourne (where I just arrived). Best, Bill SmithChronicleSmithhttps://www.blogger.com/profile/02232306646556383774noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69639650643807875392012-12-07T09:41:42.196-08:002012-12-07T09:41:42.196-08:00Assuming the Federal Reserve 'base' being ...Assuming the Federal Reserve 'base' being measured includes all households, it is difficult to imagine that dividing into two charts (one top 1%; other the 99%) would show all of the net worth improvement attributable to the 1% and the 99% having a continuing decline in net worth.<br />Gene Prescotthttps://www.blogger.com/profile/01749854994321888028noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-43615729501738305912012-12-06T18:12:31.271-08:002012-12-06T18:12:31.271-08:00The middle-class is enduring long-term declines in...The middle-class is enduring long-term declines in real working wages, real home values, and the employment to population ratio -- once all of those measures are above their former highs, I'll agree that life for ordinary Americans has improved...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70100391548107279452012-12-06T12:52:18.776-08:002012-12-06T12:52:18.776-08:00Things are getting better, yes, for the top decile...Things are getting better, yes, for the top decile of the population that owns financial assets. For the rest, it's declining real disposable income. It will be a small consolation for the poor that most of the financial paper assets of the rich will eventually go up in smoke once the Fed achieves its goal (inflation).Gloeschihttps://www.blogger.com/profile/10705125909506053628noreply@blogger.com