December 12, 2005

YET KRUGMAN CAN'T UNDERSTAND THE HOUSING MARKET?:

Immigration Hits Five-Year High, Report Says (STEPHEN OHLEMACHER, 12/12/05, Associated Press)

A new report by the Center for Immigration Studies found that 7.9 million people moved to the United States in the past five years, the highest five-year period of immigration on record.

MORE (via mc):
US household net worth up to new record high in third quarter (People's Daily Online, 12/11/05)

The net worth of US households increased by 2.6 percent to a record 51.1 trillion dollars in the third quarter of this year, the Wall Street Journal reported on Friday. [...]

It was the 12th straight quarterly increases of the US household net worth, which measures household assets minus liabilities.

US household net worth has risen because the value of household assets, such as stock holding and the value of homes themselves, has increased faster than household debts including mortgage.


That poor, debt-burdened American consumer....

Posted by Orrin Judd at December 12, 2005 9:10 PM
Comments

But Mr. Judd, according to The Corner crowd, this is a bad thing! Although the effect on one's net worth is pretty nice.

I'll include the following link simply because when I did a search on google for this story, this was the first source that popped up.

Posted by: mc at December 12, 2005 9:24 PM

YET KRUGMAN CAN'T UNDERSTAND THE HOUSING MARKET?

Way to go. On the off-chance that this guy really is Paul Krugman, I'm all in favor of baiting him.

Posted by: Matt Murphy at December 12, 2005 10:31 PM

The Corner is B-O-R-I-N-G.

Posted by: erp at December 13, 2005 1:17 PM
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