Economic Indicators the Govt. Can't Jack Up

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Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Economic Indicators the Govt. Can't Jack Up

Foreclosures Good for Catfish Sales!

Catsifh clean algae-ridden pools (WPTV)

Pointing out one example Mitchell said, "It has an unsanitary, abandoned swimming pool, stagnant swimming pool. There's no electricity running at this location."

The code compliance department was paying nearly 7,000 dollars a year to dump chemicals into the pools to treat the scummy buildup.

That's when Mitchell and some of her colleagues came up with an environmentally-friendly idea to get rid of the green. An idea with a much lower price tag of just 700 dollars.

New Record, up 22%: Food stamp list soars past 35 million: USDA

WASHINGTON (Reuters) - More than 35 million Americans received food stamps in June, up 22 percent from June 2008 and a new record as the country continued to grapple with the worst recession since the Great Depression of the 1930s.

The food stamp program, which helps cover the cost of groceries for one in nine Americans, has grown in step with the U.S. unemployment rate which stood at 9.4 percent in July.

The Labor Department will release August employment figures on Friday.

June was the seventh straight month in which food stamp rolls set a record. The average benefit in June was $133.12 per person.

(Reporting by Roberta Rampton and Chuck Abbott; editing by Jim Marshall)

investorzzo's picture
investorzzo
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Posts: 1182
Re: Economic Indicators the Govt. Can't Jack Up

Meanwhile, CEO's make 300 time average workers salary.

http://www.consumerwarningnetwork.com/2009/09/03/ceos-make-300-times-ave...

logBurner's picture
logBurner
Status: Bronze Member (Offline)
Joined: Sep 26 2008
Posts: 58
Re: Economic Indicators the Govt. Can't Jack Up

And let's not forget the goodly Baltic Dry At:

http://www.dryships.com/pages/report.asp

and (delayed) at:

http://www.bloomberg.com/apps/quote?ticker=bdiy&exch=IND&x=15&y=11

For the 'newbies' - I'm one as well: These indicate real activity and are considered to be leading indicators, i.e. what is about to happen with the economy in the next few months. For those who don't know see: http://en.wikipedia.org/wiki/Baltic_Dry_Index but basically get a ship on the move and you need to make sure you will receive payment when it lands (not like a plane which will land in a few hours), way more expensive. So you need the money gauranteed up front. Shiping is still a major freight option. If shiping is down trade is down, hence a 'true indicator'. 50% down on last year (a bad year). You have to go way back to 2005 to see similar levels - far fewer people around then and also the busines of moving around goods globally was far less refined in an econimc sense - some gaurantees have been lifted courtesy of QE, policy, . .. .etc???

The economy is way, way  down - of course maybe I'm just stupid and refuse to believe that the economy is hunky dory and all has been fixed?

Good luck folks IMO you may need it!

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