Posted on 02/01/2013 5:03:51 AM PST by Diana in Wisconsin
#1 The mainstream media was absolutely shocked when it was announced that U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012. This was the first contraction that the official numbers have shown in more than three years. But of course the truth is that the official numbers always make things appear better than they really are. According to John Williams of shadowstats.com, U.S. GDP growth has actually been continuously negative all the way back to 2005 once you account "for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting."
#2 For the entire year of 2012, official U.S. GDP growth was only about 1.5%. According to Art Cashin, every time economic growth has fallen that low (below 2 percent annually) the U.S. economy has always ended up going into a recession.
#3 According to the Conference Board, consumer confidence in the United States has hit its lowest level in more than a year.
#4 For the week ending January 26th, initial claims for unemployment rose to 368,000. In future weeks, watch to see if it goes above 400,000. If we hit that level, that will be a sign of real trouble for the economy.
#5 During the first full week of January, an astounding $114 billion was pulled out of U.S. banks. That is the largest amount that we have seen moved out of U.S. banks in one week since 2001.
For the financial Ping List, if applicable...
Only one sign necessary, Obama is still in office.
Even The Obama Propaganda Machine won’t be able to stop people from seeing the realities of the failure of his economic and socialistic policies at the grocery store and gas pumps and soon their tax bills and Obamacare bills. I don’t think O figured in the massive loss of jobs (a huge proportion due to Obamacare), reduction of wages, and destruction and reduction of the middle class to pay for all of his entitlement programs into the equation. Implosion imminent.
Very True
Where I live now, gas prices and their changes are fascinating. Five or six times now in the last year, prices have inched their way down to a fairly low price (lowest was $2.98) only to be jacked up by 40 cents in one day. This last week they went to $3.16 and the next day ALL the stations were at $3.49, and then $3.59 the next day. Yet I’ve heard nothing about some catastrophic event to explain it.
But wait a minute, I just saw George on GMA and he says, “168,000 jobs were created.” He didn’t mention anything about what you posted.
I love the news media today,
“It’s simple, if it’s not reported then it’s not a crises.”
I wonder if those unemployed who went to bed last night were thinking about finding a job or immigration reform, same sex marriage, gun contol etc etc.
:-)
*Waves from across the pond*
Just messin with ya.
I DO think ozero figured all this destruction in.
He is a citizen of the world, not one of us.
Never let a crisis go to waste.
They are creating a big one here.
And they won’t waste it.
But we are in “recovery”!
we are so screwed and NO ONE in Washington seems to care.
Well, they voted the ahole back in. Let them live with it.
No kidding. We are in a WORLD of hurt...
Debbie REALIST. and it’s all by design, Comrade. All. By. Design.
I’m REALLY having a hard time deciding if this man is THIS STUPID, or THIS EVIL.
Grrrr!
:-)
Simple answer: Both. Stupid AND evil
Recession hell, it will be a depression. Judging by the law of economics, the Democrat Party’s policies, the “horse sense” of the younger people coming along, I do not forsee things getting better. I do forsee them getting worse, much worse.
Not hard to figure it out, he’s both.
If you get a chance, or even care to, go to youtube and compare the worship and support of the Germans to Hitler to obama's deciples worship and devotion to him.
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