[UCGal]

Cramer’s an idiot. But we knew that.
Unfortunately, the financial media seems to be focusing on very short term things.

The article linked says that there is a 17% increase in housing starts compared to last month. It fails to state that it was down 45.2% from May 2008. That is NOT good news.

It’s like all the focus on the 2nd derivitive… the economic indicators are contracting at a slower rate… They’re still contracting but if you listen to CNBC, Bloomberg, etc crowing aobut it you’d think we had growth rather than contraction.

Cramer’s one of the leading idiots… but there are plenty of idiots following behind him.

[UCGal]

Cramer’s an idiot. But we knew that.
Unfortunately, the financial media seems to be focusing on very short term things.

The article linked says that there is a 17% increase in housing starts compared to last month. It fails to state that it was down 45.2% from May 2008. That is NOT good news.

It’s like all the focus on the 2nd derivitive… the economic indicators are contracting at a slower rate… They’re still contracting but if you listen to CNBC, Bloomberg, etc crowing aobut it you’d think we had growth rather than contraction.

Cramer’s one of the leading idiots… but there are plenty of idiots following behind him.

[UCGal]

Cramer’s an idiot. But we knew that.
Unfortunately, the financial media seems to be focusing on very short term things.

The article linked says that there is a 17% increase in housing starts compared to last month. It fails to state that it was down 45.2% from May 2008. That is NOT good news.

It’s like all the focus on the 2nd derivitive… the economic indicators are contracting at a slower rate… They’re still contracting but if you listen to CNBC, Bloomberg, etc crowing aobut it you’d think we had growth rather than contraction.

Cramer’s one of the leading idiots… but there are plenty of idiots following behind him.

[UCGal]

I can look at a statistically insignificant sample.

My mom’s parents were comfortably upper middle class and never owned a home. They were long term renters in the midwest (Chicago area, Detroit area) then San Diego. They almost bought their apartment in Pacific Beach when it was being condo-converted in the 80’s – but were offered the option to continue renting. They had as much housing stability as home owners. Rented each place more than 10 years. One place for 20 years.

I don’t know if it’s a regional thing – but when I lived in Philly, there were a lot of middle to upper middle class families that were long term renters.

My dad’s parents owned a tiny house in Arizona.

Both sets of grandparents were thin.

[UCGal]

I can look at a statistically insignificant sample.

My mom’s parents were comfortably upper middle class and never owned a home. They were long term renters in the midwest (Chicago area, Detroit area) then San Diego. They almost bought their apartment in Pacific Beach when it was being condo-converted in the 80’s – but were offered the option to continue renting. They had as much housing stability as home owners. Rented each place more than 10 years. One place for 20 years.

I don’t know if it’s a regional thing – but when I lived in Philly, there were a lot of middle to upper middle class families that were long term renters.

My dad’s parents owned a tiny house in Arizona.

Both sets of grandparents were thin.

[UCGal]

I can look at a statistically insignificant sample.

My mom’s parents were comfortably upper middle class and never owned a home. They were long term renters in the midwest (Chicago area, Detroit area) then San Diego. They almost bought their apartment in Pacific Beach when it was being condo-converted in the 80’s – but were offered the option to continue renting. They had as much housing stability as home owners. Rented each place more than 10 years. One place for 20 years.

I don’t know if it’s a regional thing – but when I lived in Philly, there were a lot of middle to upper middle class families that were long term renters.

My dad’s parents owned a tiny house in Arizona.

Both sets of grandparents were thin.

[UCGal]

I can look at a statistically insignificant sample.

My mom’s parents were comfortably upper middle class and never owned a home. They were long term renters in the midwest (Chicago area, Detroit area) then San Diego. They almost bought their apartment in Pacific Beach when it was being condo-converted in the 80’s – but were offered the option to continue renting. They had as much housing stability as home owners. Rented each place more than 10 years. One place for 20 years.

I don’t know if it’s a regional thing – but when I lived in Philly, there were a lot of middle to upper middle class families that were long term renters.

My dad’s parents owned a tiny house in Arizona.

Both sets of grandparents were thin.

[UCGal]

I can look at a statistically insignificant sample.

My mom’s parents were comfortably upper middle class and never owned a home. They were long term renters in the midwest (Chicago area, Detroit area) then San Diego. They almost bought their apartment in Pacific Beach when it was being condo-converted in the 80’s – but were offered the option to continue renting. They had as much housing stability as home owners. Rented each place more than 10 years. One place for 20 years.

I don’t know if it’s a regional thing – but when I lived in Philly, there were a lot of middle to upper middle class families that were long term renters.

My dad’s parents owned a tiny house in Arizona.

Both sets of grandparents were thin.

[UCGal]

You need at least two banks. FDIC covers up to $250k. Just having 2 accounts at one bank won’t do it – you need two different banks.

Schwab has pretty good rates on the interest bearing checking.

[UCGal]

You need at least two banks. FDIC covers up to $250k. Just having 2 accounts at one bank won’t do it – you need two different banks.

Schwab has pretty good rates on the interest bearing checking.

[UCGal]

You need at least two banks. FDIC covers up to $250k. Just having 2 accounts at one bank won’t do it – you need two different banks.

Schwab has pretty good rates on the interest bearing checking.

[UCGal]

You need at least two banks. FDIC covers up to $250k. Just having 2 accounts at one bank won’t do it – you need two different banks.

Schwab has pretty good rates on the interest bearing checking.

[UCGal]

You need at least two banks. FDIC covers up to $250k. Just having 2 accounts at one bank won’t do it – you need two different banks.

Schwab has pretty good rates on the interest bearing checking.

[UCGal]

Raises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.

My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.

Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.

[UCGal]

Raises at my job were canceled across the board this year. Retirement benefits were also cut this year. But we got a bonus. Smaller than the formula calls for, but it was something. They would have cut the bonuses if they could have figured out a way to cut it for the workers and still have the corporate execs get full bonuses.

My husband is out of work at the moment… This time last year things had slowed to part time… There’s no work in commercial architecture right now so he’s working on my “honey do” list. If his former firm gets work, he’s welcome back… but even the principal of the firm is collecting un-enjoyment insurance. He’s gone on some interviews but nothing has panned out yet.

Good thing we were/are savers… And very good thing we have been trimming our expenses for a while.

[Author]

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