Chamberlin’s latest gem

[Rich Toscano]

I don’t want to write a real article about this because if I think about it too much I’ll cry. But here’s George Chamberlin’s latest:

Household wealth in the United States rose by 3.4 percent in 2007 to $57.7 trillion. You wouldn’t know that, however, if you read the story on MarketWatch.com. The headline said: "Americans poorer than a year ago." What would prompt a Web site like that — owned by the Dow Jones Co. — to put such a negative spin on the story? Sure, there were a few negatives in the report such as a decline in the fourth quarter, but there was also plenty of good news. Borrowing by households declined and personal incomes actually rose. Yet, MarketWatch.com decided to not only bend the truth but break it.

From the offending MarketWatch article:

For all of 2007, household net worth rose 3.4% to $57.7 trillion, the slowest growth in five years. After the effects of 4.1% inflation are included, real net worth fell for the year.

So, real net worth (not the amount of dollars you have, but how much the dollars you have will buy) fell by .7%. Seems pretty much like an unarguable mathematical reality to me. I must be one of those negative people who likes to "break" the truth.

[bsrsharma]

It is probably no secret; George Chamberlin is weak in anything more than 5th grade math. During his “Money in the Morning” radio days, anything involving two ratios or percentages used to confound him. He just couldn’t grasp the notion of ratio of ratios – atleast on realtime radio. A caller would call him with a question like this and he would be lost trying to figure what to use for numerator and denominator. Not funny on radio!

[bsrsharma]

It is probably no secret; George Chamberlin is weak in anything more than 5th grade math. During his “Money in the Morning” radio days, anything involving two ratios or percentages used to confound him. He just couldn’t grasp the notion of ratio of ratios – atleast on realtime radio. A caller would call him with a question like this and he would be lost trying to figure what to use for numerator and denominator. Not funny on radio!

[bsrsharma]

It is probably no secret; George Chamberlin is weak in anything more than 5th grade math. During his “Money in the Morning” radio days, anything involving two ratios or percentages used to confound him. He just couldn’t grasp the notion of ratio of ratios – atleast on realtime radio. A caller would call him with a question like this and he would be lost trying to figure what to use for numerator and denominator. Not funny on radio!

[bsrsharma]

It is probably no secret; George Chamberlin is weak in anything more than 5th grade math. During his “Money in the Morning” radio days, anything involving two ratios or percentages used to confound him. He just couldn’t grasp the notion of ratio of ratios – atleast on realtime radio. A caller would call him with a question like this and he would be lost trying to figure what to use for numerator and denominator. Not funny on radio!

[bsrsharma]

It is probably no secret; George Chamberlin is weak in anything more than 5th grade math. During his “Money in the Morning” radio days, anything involving two ratios or percentages used to confound him. He just couldn’t grasp the notion of ratio of ratios – atleast on realtime radio. A caller would call him with a question like this and he would be lost trying to figure what to use for numerator and denominator. Not funny on radio!

[equalizer]

How much stock market wealth has evaporated this year, bubblesipper?
Try min. of 1.5Trillion dollars. Add in minimum of -1% a month for home equity and we are talking real money.

[equalizer]

How much stock market wealth has evaporated this year, bubblesipper?
Try min. of 1.5Trillion dollars. Add in minimum of -1% a month for home equity and we are talking real money.

[equalizer]

How much stock market wealth has evaporated this year, bubblesipper?
Try min. of 1.5Trillion dollars. Add in minimum of -1% a month for home equity and we are talking real money.

[equalizer]

How much stock market wealth has evaporated this year, bubblesipper?
Try min. of 1.5Trillion dollars. Add in minimum of -1% a month for home equity and we are talking real money.

[equalizer]

How much stock market wealth has evaporated this year, bubblesipper?
Try min. of 1.5Trillion dollars. Add in minimum of -1% a month for home equity and we are talking real money.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

[davelj]

“Faced with the choice between changing one’s mind and proving there is no need to do so, almost everyone gets busy on the proof.” – John Kenneth Galbraith

That pretty much sums up George Chamberlin’s views on real estate and the economy.

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