Posted on 06/21/2009 10:00:32 PM PDT by Kartographer
13-week moving averages are still moving lower, with no apparent end in sight. The first chart shows the one relatively bright spot is coal. I hear the same message about coal from trucker friends.
(Excerpt) Read more at globaleconomicanalysis.blogspot.com ...
So coal is the only thing still rolling down the rails? And 0bama wants to “cap and trade” coal out of the market...
Geez. I can feel how bad it is out there. I was in Texas recently and they seemed to be holding up better than most areas and Denver seemed decent.
The article says the 13-week moving average is still heading lower. That is pretty short-term which means it is all still going down. If things did start to pick up - which they won’t - energy prices would sky rocket and kill any recovery.
The energy markets know O and the Dems will do nothing to allow let alone encourage domestic energy production and exploration. i.e. they know we are hostages to the Saudis who bank roll O and the DNC plus Huff Po.
The inversion of gasoline and diesel pricing is a signal that all is not well in trucking. Folks with diesel cars must be happy these days.
Until jobs come back, not much id going to change.
The biggest problem in the US is we no longer produce what we consume other than food.
Until people wake up and realize there fore mentioned, US job prospects are very dismal.....the manufacturing of consumables (furniture, textiles, toys, automotive parts, and electronics) has cost us tens of millions of jobs, not just the actual manufacturing jobs, but all the supporting technical and administrative jobs that goes with that manufacturing.
We are now seeing the cumulative effects of manufacturing outsourcing as goobermint policy has been to drop import tariffs, import cheap Asian goods as so those countries would finance US goobermint debt.
there = the
I agree that the hollowing out of our manufacturing base will be our downfall, but tariffs are not the way to rebuild it. We need to slash corporate tax rates and do away with capital gains taxation. Also -- and a lot of Freepers don't like this -- we need to end the strong-dollar talk and just let it drop.
The first step is to create a Constitutional Balanced Budget amendment as the goobermint will not do that until the law forces them to.
Second, for the Feds to stop the borrowing and annual deficit spending.
Third, start paying sown the debt....so much a month.
Fourth, start reducing corporate income taxes on a schedule...1-2% / year.
Fifth, cut the size of the federal goobermint in steps.
Sixth, reinstate import tariffs to some degree as there is no way the US worker can compete against cheap Asian labor considering our standard of living and tax burden.
We're toast, cuz, cause I do not see the politicoho's doing any of that in that least.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.