The big economic news last week was a rise in housing prices, and that women are now the main breadwinners in 40 percent of families. Combined with the other indicators commonly used by the government and the media, the anemic recovery looks like it’s finally gaining some steam. But anyone with eyeballs can see unemployment has been insanely high for five years while those lucky enough to be employed have seen their wages stagnate or go down.
This “recovery” is fueled almost entirely by record corporate profits. I’m not sure what’s so great about rising housing prices anyway, since that’s what caused the last bust. And I couldn’t afford a house when prices were at all-time lows. As a lifelong renter, I’m essentially a non-entity as far as economists are concerned.
I personally won’t feel like the economy’s healthy until I can buy a boat. Right now the Brian Boat Index is at a pathetic 0 Boats. Thanks, Obama.