FEDEX CHART MEANS DOUBLE-DIP FOR ECONOMY

Interesting:
FEDEX CHART MEANS DOUBLE-DIP FOR ECONOMY
Monday, 15 Mar 2010 | 8:07 AM ET
FedEx gives investors a clear insight into how the U.S. economy is going to perform and its chart is saying that a double dip recession is inevitable, Robin Griffiths, technical strategist from Cazenove Capital, told CNBC Monday.
“There isn’t just a risk of a [...]

The 2nd half will be the tough half and that it could start late 2nd quarter but, more likely 3rd quarter.

This article could add to the burden the 2nd half will have to carry.
quote:
California foreclosure starts rise nearly 20% in February
March 15, 2010
The number of California homes pushed into the foreclosure process by banks jumped 19.7% in February from the month prior, according to a report released Monday.
…… “While efforts to slow foreclosures are clearly [...]

I brought home a large can of “Bruces Yams” from WalMart and noticed a nice layer of dust on the top of it.

Noticed also a lot of product in the grocery store is missing from the shelves…a lot of it is what used to be the larger sizes…that are not being restocked because people are’nt buying anymore.
Every time something is scanned at the checkout it shows up immediately in their inventory control program at Arkansas. A lotta’ [...]

Glad everyone is doing great in stocks, Detroit plans to close near 45 schools.

45 Detroit schools set to close under plan
Forty-five Detroit schools or educational buildings will close in June under a $1 billion plan unveiled Wednesday by the city school district’s emergency financial manager.
The district has been beset with falling enrollment as well as aging buildings, emergency financial manager Robert Bobb said Wednesday. The plan will allow [...]

We not only face a “lost decade” of growth but a “lost generation”

PPI & CPI is running hot and inflation is the most corrosive, regressive, asinine tax we can impose on ourselves You have never studied monetary policy or economics so you don’t know the dangers that this system faces. Quit shrilling up the numbers and claiming inflation is not here. Please, for once someone, anyone other [...]

Here is the REAL story: Continuing saga of CONTINUING unemployment:

Year … Continuing … Fed Programs… Total … Covered … % Of Cover
2006 … 2,860,513 … ……………… … 2,860,513 … 128,767,336 … 2.2%
2007 … 3,016,840 … ……………… … 3,016,840 … 131,188,612 … 2.3%
2008 … 3,297,238 … ……………… … 3,297,238 … 133,010,953 … 2.5%
2009 … 6,357,336 … 2,149,372 … 8,506,708 … 133,886,830 … 6.4%
2010 … 5,375,836 [...]

Full Steam Ahead For The Economy? Whose economy? What a load of BS!

There is no “recovery” at all. Main Streets all over America have more stores and commercial buildings empty and with “Available” or “For Lease” or “For Sale” signs than at any time since the Great Depression. We have actual unemployment of around 24% now in the US when counted the way it was during the [...]

Anyone catch The Daily Show last night? It’s priceless! John Stewert pretends he is a corporation, Jonco, ROFL!!

The Daily Show With Jon Stewart
Mon - Thurs 11p / 10c

Wow, 25% in UK! Can we say The Second Great Depression yet?

A quarter of all British adults (excluding those drawing their pensions) are out of work.
quote
A total of 10.6 million people either did not have a job, or have stopped looking for one, according to figures from the Office for National Statistics, which indicated that more people than ever before had abandoned the workplace – choosing [...]

PPI drop, but price of necessities gone up sharply!

“Official news: WASHINGTON (MarketWatch) — Lower costs for energy pushed the U.S. producer price index to a drop of 0.6% in February, the Labor Department reported Wednesday.
Analysts surveyed by MarketWatch had predicted a decrease of 0.3% for the month.
Core producer prices, excluding volatile food and energy, rose 0.1% in line with expectations.
A major contributor to [...]

Must-Know News - March 17 “Double dip recession — here we come.”

1) New York will delay income-tax refunds

“ALBANY — State income-tax refunds will be delayed by several weeks as the state struggles to manage its cash flow amid growing budget deficits, officials said Tuesday.
The move will save the state about $500 million by delaying income-tax refunds until April 1. The state stopped paying [...]

1 example of what we can expect from a US Government run program.

I was 1 of 120 million direct census distributees.
Last week, I recieved a standard envelope, with 42 cents postage paid by the Census Bureau.
This envelope was not the 10 question Census, but a 1 page, 200 word letter explaining that I should recieve the real census in another week. That was it.
So, here’s what I [...]

On the basis of one time honored metric that I rarely see discussed, the market is extremely over valued.

The dividend yield (which can’t be faked like profits) is in an historically extremely low range at just under 2%.
The lowest recorded yield was — guess when — the beginning of the new century when it was barely over 1% (along with the highest PE in history at about 44.
Since then, as the markets sold [...]

Bank accounts are for holding money fee-free. Investments are for making money.

I got rid of Bank of America when I lost my job and they refused to get rid of the monthly fee on my checking account. I went to TCF Bank which paid me money to open an account and it was totally free. Well three months later they decided to start charging fees. So [...]

I work in the loan servicing business. Banks do NOT want your fucking house.

They don’t want to insure it, change the locks, mow the lawn, paint it, try to sell it, and then lose tens or hundreds of thousands of dollars. They WANT people to stay in their houses and keep paying whatever they can.
That said, since the Obama plan, EVERYBODY cries about how they need a “mod” [...]

Must-Read: The age of hope follows the day of reckoning.

A contradictory investment climate exists because the Fed bombed Wall Street with money. Hedge funds and investment banks don’t care that short-term Treasuries pay next to nothing. They buy Treasuries as collateral in up-leveraging speculative plays, especially in commodities. Wall Street elites expect to recoup the losses of 2008 as well as to grasp [...]

How many of you are aware that the Social Security tax has an income cap, an income level at which no more Social Security tax is collected?

It’s $106,800. If you make $10,000,000/yr., you don’t pay a penny more after $106,800.
If this *ONE* tax law was changed, Social Security and Medicare are in the black in perpetuity by even the most pessimistic of projections. We could even expand Medicare to all while remaining well in the black.
Think about this next time you [...]

Here is my short list of great films with enlightened messages relevant to America’s political and economic problems.

These thought-provoking movies remind us about the core elements of national greatness – truth-seeking, sound character, moral courage, financial scruples, a decent regard for the well-being of others, and self-restraint. Additionally, they are wonderfully crafted.
1. Mr. Smith Goes to Washington, 1939
2. A Man for All Seasons, 1966
3. Shane, 1953
4. The Grapes of Wrath, 1941
5. Ben-Hur, [...]

Sign of the times:

http://www.thestar.com/news/world/article/777796–armed-robber-nets-6-from-11-people
“THERMAL-They say crime doesn’t pay. For one robber in California, it did — but not much.
Authorities in Riverside County say a woman with a gun robbed 11 customers at a market and got away with $6.”

Warning: I am long-winded.

I am a Michigander and have been almost all of my 40 years of existence. I have been employed since I was 14 yrs old- permanent jobs, until now. After being laid off from a law firm that I was with for twelve years, for the past two years, I have been off and [...]

Ok all you people…I’m going to tell you this once and trust me on this and see if whatever I say can help you in getting a job.

I’m not an American and I do not live in your country however I do live in a country that houses almost half a million contractors (not military personell)….
There are people who get jobs for almost 120 to 140 k a year with all benifits and housing in a 5 star hotel with all [...]

Along with the Feds, municipality’s borrowing has been out of control for a decade. The time to pay is drawing near.

http://dailyreckoning.com/municipal-deflation-consequences-of-the-greatest-speculation/
“With nothing learned, states and municipalities borrowed $23 billion in 2000 and $215 billion in 2007. One reason credit rained on bubbly school committees was the ever-rising revenue stream from real estate taxes: receipts increased from $254 billion in 2000 to $421 billion in 2008.”

Panic: More than a third of the nation’s unemployed — 35.6%!!!

quote
…
More than a third of the nation’s unemployed — 35.6% — have been out of work long-term, defined by the Labor Department as a period of 27 weeks or more — the highest proportion since World War II. As illustrated in the Wall Street Journal earlier this year, that is raising much concern among policymakers.
“The [...]

To keep a house with an $800,000 mortgage that’s appraised at $400,000 and pay it off. With interest that will come to about $1.7 million for a $400,000. That there’s the path to riches! Debt = wealth. Slavery = freedom.

Most people who went into foreclosure never had a prayer of paying off their loans. Most Americans can’t do basic financial math. Check out this report on education in America:

It’s unreal. I’ve talked to lawyers and middle managers with bachelor’s or master’s degrees who can’t figure out an amortization schedule or what the total [...]

Must-Know News - March 17 “Governors Lobby Washington for More Money as Stimulus Aid Runs Out”

1)  Nearly 22,000 layoff notices issued to teachers statewide (CA)

“Education budget cuts have prompted school districts across the state to send out nearly 22,000 pink slips, notifying teachers and other certificated employees they may not have jobs next year.
“To date, 21,905 pink slips have been issued to teachers and other staff [...]

The DEPRESSION.

What we have today is a world of contrasts , a world of dichotomies … By most appearances we have a recovering economy with a semblance of normality returning to our nation … But once you dig deeper , we can find that what seems to be reality is made up of nothing more than [...]

You will pay for massive shortfalls in State Pension Funds.

LIKE A CALIFORNIA WILDFIRE, populist rage burns over bloated executive compensation and unrepentant avarice on Wall Street.
Deserving as these targets may or may not be, most Americans have ignored at their own peril a far bigger pocket of privilege — the lush pensions that the 23 million active and retired state and local public employees, [...]

Why banks will keep the property rather then realize the loss?

Saw a formerly prime property go from a fantasy price of $800,000 to a Sheriff’s sale price of $380,000,,,,,, Yhaza
Which is why the smart crooked banks will keep the property rather then realize the loss.
I looked at a property, bank owned, this weekend in the NY area, about 30 miles north of NYC, large existing [...]

Don’t UNDERESTIMATE the severity of this recession and the corruption.

America must change its ways if we are to survive as a nation. People MUST deleverage and pay down debt! While many Americans have seen income stagnate for the past 2 decades, they nonetheless, spent and consumed living the “American dream.” We have lived off one bubble after another for the past 30 years racking [...]

Three more most likely reasons for collapse:

1.
Junk Bond Avalanche Looms for Credit Markets
http://www.nytimes.com/2010/03/16/business/16debt.html?hp
2.
Moody’s Says U.S. Debt Could Test Triple-A Rating
http://www.nytimes.com/2010/03/16/business/global/16rating.html?ref=business
3.
Congress Worries About Commercial Real Estate
http://dealbook.blogs.nytimes.com/2010/02/01/congress-worries-about-commercial-real-estate/?scp=4&sq=commercial%20real%20estate&st=Search
Collapse is inevitable…it’s not a matter of “if” but “when”.
We all know it. It’s a comin’.
There are politicians retiring left and right…they “know”.
I’ve seen the “Amero”…actual printed notes. It’s coming. You can call it “conspiracy theory” [...]