About Goran_K


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Registered Sep 07, 2011

Goran_K's most recent comments:

  • On Wed, 4 Sep 2013, 4:52pm PDT in JCP, Goran_K said:

    Or you could just say you never bought it in the first place like E-man, then your losses would be zero!

    Funny thing is JCP since it went below 13, is actually up 6% over the last week in a mini-rally.

  • On Wed, 4 Sep 2013, 1:32pm PDT in The Catch-22 The Real Estate Market Finds Itself In, Goran_K said:

    Call it Crazy says

    There’s a problem, though: The most reliable data show that incomes have been falling, not rising. The latest numbers show personal income rose just 0.1% from June to July, with wages and salaries declining by 0.3%. Longer term, a recent report by Sentier Research, based on government data, found that median household income, adjusted for inflation, has fallen by 4.4% since the recession officially ended in June 2009. Going to back December 2007, when the recession officially began, real median income has fallen by 6.1%.


    I really like the data from this article.

    My favorite part in particular is here:

    Inflation can trick people, too. When most people get a raise or earn more, they don’t discount it by inflation to gauge whether they’re really getting ahead. Since December 2007, cumulative inflation has run at about 10.3%, which means if you earned $50,000 per year back then, you’d have to earn about $55,150 today to have the same purchasing power. Since June 2009, cumulative inflation has been about 8.6%, so $50,000 then would be the same as $54,306 today.

    Anyone who thinks that real wages have actually grown the past 5-10 years really has a lot of explaining to do.

  • On Wed, 4 Sep 2013, 10:49am PDT in The Catch-22 The Real Estate Market Finds Itself In, Goran_K said:

    zesta says

    The correlation is that since the percentage of home BUYERS with a higher degree (60%) is much higher then the percentage of BUYERs without a degree, the impact of their wage gains is more evident.

    Except you haven't proven that theory. You're welcome to do so at any time.

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