“High End” Inflation

Fun info graphic in NY Mag on "High End" inflation. Everything in New York, both ordinary and luxury goods and services in Gotham, has gotten more expensive:

AVERAGE MONTHLY RENT FOR MANHATTAN 2BR
2003: $3,364
Percent increase: 16%
Today: $3,893

AVERAGE TICKET PRICE FOR BROADWAY MUSICAL
2003: $66.75
Percent increase: 17%
Today: $77.88

KILOWATT HOUR OF ELECTRICITY
2003: $0.136
Percent increase: 28%
Today: $0.175

TAXI FARE FROM JFK TO MANHATTAN
2003: $35
Percent increase: 29%
Today: $45

WEEKLY UNLIMITED METROCARD
2003: $17
Percent increase: 41%
Today: $24

AVERAGE PRICE OF GALLON OF GAS
2003: $1.76
Percent increase: 57%
Today: $2.76

AVERAGE BILL AT ZAGAT’S TOP-20 MOST-EXPENSIVE RESTAURANTS
2003: $90.68
Percent increase: 58%
Today: $143.06

AVERAGE SALE PRICE OF MANHATTAN 2BR CO-OP
2003: $898,875
Percent increase: 59%
Today: $1,429,212

AVERAGE PRICE OF GALLON OF MILK
2003: $2.44
Percent increase: 64%
Today: $4

AVERAGE SALE PRICE OF HAMPTONS REAL ESTATE
2003: $805,875
Percent increase: 112%
Today: $1,712,259

No worries for denizens of Wall Street:  Recent Federal data shows that NYC Finance professionals earned
an average annual income of $879,736 — a 140% increase since Q1 2003 . . .

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Source:
Rich Get 140% Richer Can they still afford NYC?
Lionel Beehner
New York Magazine, Nov 25, 2007    
http://nymag.com/news/intelligencer/41295/

Category: Economy, Employment, Finance, Inflation

NFP: Birth/Death Adjustments

One of the things we have harped on for quite a long time here at The Big Picture is the flawed BLS Birth Death Model (BDM). Since 2003, the B/D adjustment has been part and parcel to BLS’ Current Employment Statistics (CES) program, the official measure of US employment. In brief, the Birth Death adjustment…Read More

Category: Data Analysis, Economy, Employment, Psychology

Cody and Jim Rogers on Fox Business

Category: Books, Economy, Federal Reserve, Inflation

Amazon’s Most Wished For, Most Gifted, and Best Selling Items

Category: Books, Consumer Spending, Film, Music

TechTicker

Congrats to my pal Paul the K on his new web TV gig with Yahoo:

Yahoo TechTicker To Go After CNBC Crowd: The show will be called TechTicker, and it launches
in January. The goal is to attract the CNBC crowd – people who want to be
immersed in finance news all day long.  The hosts include Henry Blodget (Silicon Alley Insider), Sarah Lacy (Business Week columnist) and
Paul Kedrosky, plus one additional person who
has yet to be named. The team will produce 10-20 original segments per week day,
which will be shown live on the site. When live content isn’t streaming, old
content will show on a loop.

Look out, Howard, they are coming after you!

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via TechCrunch

Category: Financial Press, Video, Web/Tech

Inflation IN-Inflation

Category: Commodities, Inflation

Jobs Surge!

Category: Economy, Employment, Media

What is Temp Work Saying About GDP and NFP?

Category: Data Analysis, Economy, Employment

Here Comes Another Bubble

Hysterical . . .

via GMSV

Category: Valuation, Video, Web/Tech

JJ Grey & Mofro

Mofro
I was starting to put together this year’s Different Kind of Top 10 Music List (prior versions here: 2006, 2005  and 2004), when I realized I hadn’t written up one of my favorite discs this year: Country Ghetto by JJ Grey & Mofro.

I was driving home one night.,. when I hear this sound come oozing out of my car speakers: A funky, steamy, swamp rock blues number, with a long intro that finally came to a great groove: (slide over here and click Turpentine)

On the strength of that song, I ordered the disc, and I was not disappointed. The music is a great cross-breeding experiment across genres: Start with swamp rock, add some smoldering blues, slip in  vintage soul, and finally, some gospel-fried funk.

Songwriting influences are apparent: Muddy Waters, John Lee Hooker,
Jerry Reed, Bill Withers, Otis Redding, Dr. John, Sly
& The Family Stone, Van Morrison, Howlin’ Wolf, George Jones, and James Brown.

Reviews:

"a down-and-dirty delight, and a fine addition to the swamp rock canon"   -allmusic.com

"intriguing and fortuitous… Grey’s a songwriter with a sharp wit and a knack for skewering the hypocrites, jive politicians and carpetbaggers who litter the landscape. The MOFRO vibe travels freely among swamp funk, blues, rock and soul, and does so with a certain down-and-dirty swagger that’s as real as it is appealing."    -Billboard

"A Southern-fried Sly and the Family Stone."    -Don McLees

Other links: 

Home page
My Space (5 streaming songs)
Lyrics

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Videos after the jump.

(Um, might someone from Madison House Management consider releasing some higher quality videos to YouTube?   Most of these are pretty medicore sound quality . . . )

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Read More

Category: Digital Media, Music