Brief Post

I was not planning on posting tonight. I am still recovering from vacation, had meetings all day and have not had time to do the level of reading I like to do before posting. Nonetheless, I saw this piece of data well worth passing on. This article notes that a projected 20% of households in this past recession lost 25% or more of their income. If this holds it is significant.


http://www.nytimes.com/2010/07/27/opinion/27herbert.html?_r=1

Not a promising stat.

Disclosures: None.