Recession Ending

[rickoff]

[Vortex]

Geography of a Recession

Geography of a Recession

This is the "official", not the actual, unemployment numbers.

[rickoff]

Wow, Randy! That map sequence really is dramatic, especially the period between when this thread started and where we are now. Only a narrow north to south band of light unemployment is left in the central US states. Recession ending or over? I don't think so!

[Vortex]

Wow, Randy! That map sequence really is dramatic, especially the period between when this thread started and where we are now. Only a narrow north to south band of light unemployment is left in the central US states. Recession ending or over? I don't think so!

Yes Rick it is an amazing Video/Graph/Chart ..
I would like to direct you to view a posting that might have caused this Thread to be created.
The original posted link to a fantastic interactive chart, at least on my
computer, has disappeared and is no longer available for viewing.
A quick look around, I found no interactive chart available to give a link for
.. but here is a so-so view of a static chart
Some how this crash didn't get into the news .. only the bank crisis afterward.

http://www.energeticforum.com/genera...html#post65572

[rickoff]

Recession ending? Things getting better? Polls show that few believe that.

The following chart is based on a daily Rasmussen Poll. As you can see, Obama's approval rating is plummeting, and now has a rating of -18%. The Presidential Approval Index is calculated by subtracting the number who Strongly Disapprove of Obama's performance (currently 44%) from the number who Strongly Approve (currently 26%). It is updated daily at 9:30 a.m. Eastern time.


As to the Rasmussen Poll's consensus on the state of the US economy, 9%of US adults rate the economy as being good, while 55% say it’s in poor shape.

Interestingly, while the current administration in Washington is doing everything they can to increase government size and government spending, 66% of those polled say that they favor smaller government with fewer services and lower taxes. Washington lawmakers know that this same percentage (66%) are strongly opposed to the ObamaCare "Health Reform" legislation which they are preparing to ram down our throats, but they are determined to do this anyway. Remember, these people are our "representatives." Just who are they representing?

[wpage]

No taxation without representation?

Rick,
Your closing statement is the $64B question...

The following chart is based on a daily Rasmussen Poll. As you can see, Obama's approval rating is plummeting, and now has a rating of -18%. The Presidential Approval Index is calculated by subtracting the number who Strongly Disapprove of Obama's performance (currently 44%) from the number who Strongly Approve (currently 26%). It is updated daily at 9:30 a.m. Eastern time.


As to the Rasmussen Poll's consensus on the state of the US economy, 9%of US adults rate the economy as being good, while 55% say it’s in poor shape.

Interestingly, while the current administration in Washington is doing everything they can to increase government size and government spending, 66% of those polled say that they favor smaller government with fewer services and lower taxes. Washington lawmakers know that this same percentage (66%) are strongly opposed to the ObamaCare "Health Reform" legislation which they are preparing to ram down our throats, but they are determined to do this anyway. Remember, these people are our "representatives." Just who are they representing?

God help us

[Vortex]

$106,000,000,000,000+ question

Looking at the everything clock,
that's more like the $106+ Trillion dollar question.
See the US Unfunded Liabilities at the bottom.

[rickoff]

Recession Ending?

Just today, Chicago Federal Reserve Bank President Charles Evans said he was "very concerned" about unemployment in the United States, predicting that the unemployment rate would stay above 9 percent by the end of the year.

[DrStiffler]

Just today, Chicago Federal Reserve Bank President Charles Evans said he was "very concerned" about unemployment in the United States, predicting that the unemployment rate would stay above 9 percent by the end of the year.

Of course they are going to play with the unemployment figures once they hire the 600,000 to go door to door to get an accurate census. They are now playing games saying their computers are over taxed. Just how long have they had to prepare for this?

Anyway look for a big surge in employment when the 600k come on line.

[BobBrown]

Hello

I have not said anything in these forums for a while, though I have pretty much daily been looking through the new posts.
Just nothing new to add. I'm all about theory and not much in the way of facts, or new evidence, sorry.

Anyhow what I wanted to say. I'm formulating this as I write so bear with me, or ignore me, at least you know I'm alive lol.

The U.S is in a mess 20% unemployed, house prices as low as 50% of what it was. But I'm Canadian, house prices in my area ( Toronto ) have actually increase, Gasoline is at a dollar a liter and refuses to drop lower. Unemployment , well I've been unemployed for a year, and loving the free time, but why would the government increase my UI benefits by 12 more weeks, if things were going well in Canada.

I've got some connections in the auto repair sector, and people are just not coming to get their cars fixed as they used too ( are the cars not breaking down, or are people holding off fixing things as long as possible ) . Those in the retail sector I talk to say much the same thing , their sales are down. Its hard to tell by how much, allot of doom and gloom people out there.

According to Elliott Wave Theory, the end of the peek of our economy came in roughly the year 2000. And since them we have been in a "technical recession" actually a DEPRESSION. Its a large wave change, starting from 1929 , in this cycle. But its even a larger wave change starting back many hundreds of years before. For the past 10 years ( a drop in the bucket , when compared to the longer wave time line ), we have been in the process of changing direction, from the glory days of the 90s to the uncertain days of the early 2000s, and feeling that the good days are coming back in the later 2000s to 2010.

But its a hollow recovery, there is no true underlying economic strength. The banks have red on their books, the governments, even Canadian, are in more dept then they've been in years. Europe is a Greek economic collapse away from folding as a economic power house.

Every time things look like they may collapse the U.S. government in league with the central bank prints more money out of thin air. And we feel good again. How long can this continue, before the green back collapses? Each time they inject false money into the system , that false money has to be paid for, today or tomorrow, the more 'counterfeit money' the farther there is to fall, the deeper and longer the Depression will last, when it finally gets to the level that the common citizen can see it.

There is a theory out there that says the world will not let the green back collapse and that those involved will actually flock to the U.S currency as the only safe haven, and hold the strength high that way. but if this is so, how bad is the economic collapse of the rest of the world going to be?

AndrewT PATHS ~ Mind Energetics
lol, forgot to put in some Icons ...

[rickoff]

There is a theory out there that says the world will not let the green back collapse and that those involved will actually flock to the U.S currency as the only safe haven, and hold the strength high that way. but if this is so, how bad is the economic collapse of the rest of the world going to be? - AndrewT

Hi Andrew,

For quite some time the US dollar has been the world's reserve currency, so when countries buy goods from other countries, they usually pay for the goods in US dollars. To do that, they must first convert their own currency to US dollars, and this adds a cost because of the exchange rate they must pay. This is why the US has had a distinct advantage of not having to convert to another currency when buying goods in foreign markets. All the world's currencies are now fiat currencies, meaning that they have nothing of actual value backing them. Therefore, all are really worthless, including the US dollar. Still, these currencies have an assigned value, and a relative value to each other, which is based upon its performance in the Forex market. In good times, traders in the Forex market will risk betting that a country with an emerging economy will perform well and increase the value of its currency, and those are the times when the value of US currency tends to fall. Conversely, when times are tough, as they are now, traders tend to move their money into the "safe haven" currencies, which are the US dollar and Japanese Yen. The US dollar is not really all that safe, though, having lost 94% of its value since 1913, when the Federal Reserve was created. Congress appears to be determined to destroy the dollar by creating unrepayable debt so that a new currency can emerge - either the Amero (which would be a currency resulting from a North and South American union, or a one-world currency, which is the preferred and ultimate goal of the Ruling Class elite, and consistent with their planned "New World Order." Make no mistake - the plan is to collapse all of the world's currencies. Things are definitely going according to plan, so you can expect to see things get a whole lot worse everywhere. No country will escape this. The only true "safe havens" will be the ones the Ruling Class has established for themselves. They do this by echanging the massive amounts of dollars which they have accumulated for things that really do have true and lasting value - precious metals, commodities, natural resources, and real estate. Those of us who do not do the same are basically doomed, unfortunately.

Rick

[rickoff]

Recession Ending, or Depression beginning?

For years, 48 states have borrowed too much and spent too much – just like the Federal Government. But the key difference is that they can’t print their own money to pay the bills. And to make matters worse… BY LAW… they must balance their budgets by July 1st.

But there are two little problems in the way: Massive budget shortfalls and plunging tax revenue:


When you realize just how deep the hole is that states have dug for themselves… and it’s impossible to deny it… Dozens of American states are heading for system failure.

The fact is cities all over the U.S. are teetering on the edge of bankruptcy.

• Colorado Springs has let 1/3rd of its streetlights go dark… sold police helicopters on eBay… and halted all street paving.
• Arizona has sold – then leased back – its State House and Senate buildings… a desperate one-time move to raise cash.
• Illinois’ liquid assets have dipped below $1 million… as they scramble to limit fallout from a giant $12.8 BILLION deficit.
• States from Kansas to Hawaii have considered bills to cut the five-day school week down to four… or cancel entire grade-years altogether.
• The capital of Pennsylvania (Future Pather's state) has already skipped its 2010 debt payments… and has been downgraded to “high risk junk” by Moody’s.
• And Toledo, Ohio, admits it may have to lay off EVERY government employee.

Hard to believe, but it’s true. And we’re just scratching the surface. The picture is bound to get a whole lot uglier this summer.
Remember - The You Know What hits the fan July 1st!
Keep your eyes peeled for three major outcomes:
1.) States will make sharp cuts to social services.
2.) Taxes in the worst-off states will definitely head higher.
3.) At some point the Feds will step in with a massive bailout plan, and the "Too Big To Fail" syndrome will saddle us with a totally unmanageable and unrepayable national debt that will cripple the US economy and destroy what is left of the value of the US dollar.

And one more thing: If you are invested in municipal bonds, which have traditionally been one of the safest of all investments, you would be well advised to get rid of them quickly, as they will experience a brutal sell-off.

Sorry for the bad news, but to be forewarned is to be forearmed. If you know what's going to happen, you have a chance to do something about it.

Rick

[rickoff]

Depression beginning, says Krugman

The U.S. economy is in the “early stages” of a depression, one which will be much more severe than the Great Depression, Nobel Prize winning economist Paul Krugman warns.

“We are now, I fear, in the early stages of a third depression....the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will be immense,” he wrote in the Times.
"Unemployment — especially long-term unemployment — remains at levels that would have been considered catastrophic not long ago, and shows no sign of coming down,” writes Krugman.

Other elite opinion-makers seem to concur with this tragic hypothesis. The Washington Post is reporting that this past weekend’s G-20 Summit was a “prelude to a depression.”

Joe Biden, on the other hand, wants us to believe otherwise. "We are on our way out of this recession," Biden said.

Hmmm, Joe sounds like the title of this thread, doesn't he?

[Nadda]

Joe Biden, on the other hand, wants us to believe otherwise. "We are on our way out of this recession," Biden said.

The sad part is, i think biden and obama really believe that...Remember they're counting a "Saved Jobs" statistic that is impossible to count. How could anyone know with any certainty if someone WAS going to be fired in the private sector, and that they indeed werent fired due to the stimulus... Its the craziest political sham i've ever heard.

They believe we are recovering.
They believe the stimulus worked great.
They still believe we can spend our way to prosperity.

I bet they still believe the tooth fairy is real. Who else would put quarters under kids pillows?

[rickoff]

The sad part is, i think biden and obama really believe that.

They believe we are recovering.
They believe the stimulus worked great.
They still believe we can spend our way to prosperity.

I really don't think they believe it any more than we do. They would simply like us to believe it, but all the economic indicators are pointing downwards. The Consumer Confidence Index report showed nearly a 10 point drop yesterday, and the number of Americans considering the purchase of a major appliance within the next six months fell to the lowest level in 15 years, so I don't think there are many folks left who are willing to believe in Biden and Obama's voodoo economics.