Investment & Finance Thread (May 10 edition)

Investment & Finance Thread ^ | 05/10/2014 | Freeper Investors

[Wyatt's Torch]

Huge “beat” on housing starts but 96% of the March to April increase driven by multi-family starts

[Wyatt's Torch]

Miss on consumer confidence... 81.8 vs 84.5 est

[expat_panama]

Miss on consumer confidence.

--and both starts'n'permits came in great.  So what we're getting is a lot of 'on-the-other-hand' stuff here...

[Wyatt's Torch]

Great for multi-family. Anemic for single family. Multi family percentage of total is highest in last 40 years.

[Rich21IE]

See:
http://www.washingtonpost.com/opinions/michael-gerson-our-disconnected-working-class/2014/05/15/f02fdac8-dc52-11e3-8009-71de85b9c527_story.html

[expat_panama]

thanks for the heads-up!  imho the author's points weren't supported by the facts, but it's always good to know what others are talking about. 

The article seemed to rest on a meme that's going pandemic these days that says America's got too much inequality of incomes --this time the author also hangs his hat on the idea that we're losing our social mobility.   Problem is that this is a key point, and he fails to support it with facts and we're expected to take his word for it.

I don't.