We’ve mentioned Jack Johnson many times over the years.
I was surprised this week, when not one, but 4 copies of Sleep Through The Static arrived in the mail from Amazon.com (AMZN).
I thought it was an ordering glitch, but actually, its a bit of a flaw in their wish lift system. I ordered a copy for myself, and several of you sent it as a holiday present. But because the CD wasn’t released until last week, I never removed it from the wish list.
You would figure that Amazon would/should pull a wish list item once its been ordered and sent to the wish list holder’s address.
Anyway, I’m looking forward to listening to this — thank you for the gift(s)!
click for Video
Taylor (from On And On)
amusing video with Ben Stiller
Ya, Ya, Mr. Popular. You deserve it I guess.
I’d ask you to send me one but I already have it. You would probably give the extra’s to Kudlow and Cramer anyway.
Anyhoo, you deserve it. Nice Blog Barry.
Thanks
Meaning n-o disrespect:
http://www.youtube.com/watch?v=UauECrCIYl8&feature=related
USTreasury Study of Income Mobility-
Note the very, very large gap btw reality and what the media tries to force-feed everyone:
“This study examines income mobility of individuals [96,000+] over the past decade (1996 through 2005) using information reported on individual income tax returns.”
http://www.treas.gov/press/releases/reports/incomemobilityst…
‘• There was considerable income mobility of individuals in the U.S. economy during the 1996 through 2005 period with roughly half of taxpayers who began in the bottom quintile moving up to a higher income group within 10 years.
• About 55 percent of taxpayers moved to a different income quintile within 10 years.
• Among those with the very highest incomes in 1996 – the top 1/100 of 1 percent – only 25 percent remained in this group in 2005. Moreover, the median real income of these taxpayers declined over this period.
• The degree of mobility among income groups is unchanged from the prior decade (1987 through 1996).
• Economic growth resulted in rising incomes for most taxpayers over the period from 1996 to 2005. Median incomes of all taxpayers increased by 24 percent after adjusting for inflation.
The real incomes of two-thirds of all taxpayers increased over this period. In addition, the median incomes of those initially in the lower income groups increased more than the median incomes of those initially in the higher income groups.
The degree of mobility in the overall population and movement out of the bottom quintile in this study are similar to the findings of prior research on income mobility.’
In fact, only 44% and 47% moved up from lowest bracket in the 1967 and 1977 study versus 58% by one measure in the latest study.
Median income of the top 5% dropped by 7%.
The top 1% dropped by 26%.
The lowest 20% bracket of income gained 91%!
Using 1-year snapshots of income is 5th grade math, not even.
Finally, the so-called ‘disparity’ in income brackets must always rise, as the bottom end starts at $0.00, whereas the bottom of the top bracket will always rise over time if only due to inflation.
How about offering the CD’s as a prize for picking the closing of the Dow for the next couple of months? Feb close, March close, April close.
BR, can’t picture you as a JJ kinda guy. Thanks for the video, though. Good way to start a snowy morning.
Barry:
Instead of offering the CDs for picking the Dow how about offering trips to Hawaii, that would be more in line with the video :)
Feb. close – 12,512.46
Feel free to regift a copy. I wouldn’t mind receiving one, if you’re so motivated…