Economic data from every corner of the U.S still getting worse

1/3 of California homes are now underwater and that’s OK?
Corporate BK’s everywhere
Unemployment worse than expected…pushing 9.8% yet this was suppose to go down remember?
Defaults on homes and CC’s sharply higher..was suppose to moderate remember?
Consumer spending and retail sales down…was suppose to go up remember?
Savings up…people were suppose to spend the stimulus…remember?
Car sales, home sales, any durable sales down 30% versus last year
Corporate earnings down 30% from last year but nobody seems to mind?
Toxic assets still on the books but they will just vanish now?
States like California in a state of Emergency but they will not default?
Consumer confidence down when everyone said this was the sign for recovery and the reason for the massive rally?
S&P at record multiples but nobody bloody mentions it?
The FED still buying treasuries to keep interest rates down but that’s OK?

The stress test was a fake to sell bank shares but nobody mentions it?…and already past worst case scenario but that’s OK?

The media hypes a month over month uptick in durable goods orders but in reality down 30% over last year and that’s good?
Leading indicators go up because its components are the stock market and money supply and that’s OK??

I’m telling all of you there is going to be hell to pay when everyone pulls the trigger at the same time

Jack

Related Posts:

• Weird data: consumer spending down, existing home sales up, and jobless up
• The US economy is in deflation:
• Economic Numbers. There is no recovery!
• Consumer confidence continues low, despite how much the market has rallied.
• A Depression Never Ends (1929-2009)

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