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Global Economy Bursting?

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Increasingly in Europe, Suicides ‘by Economic Crisis’

Many in America have been having their own trials and anxieties. I really wonder what the real statistics are in america? If you have family, friends or place of worship, please do not be shy to ask for help or someone to listen to you, it can make the world of difference.
 
Inflation outpaces earnings, threatens spending

http://www.reuters.com/article/2012/04/13/us-usa-economy-sentiment-idUSBRE83C0VS20120413

Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine spending.

The Labor Department said on Friday consumer prices increased 0.3 percent last month. Gasoline prices rose 1.7 percent, a sharp slowdown from February when costs at the pump rose more than three times as quickly.

Still, workers' earnings fell 0.4 percent in March after adjusting for the increase in prices.

Other data showed consumer sentiment slipped in April as higher gasoline prices hit household budgets.

"The underlying problem of inflation outstripping wage gains remains. That is the danger for the economy in the long run," said Joseph Trevisani, a market strategist at Worldwide Markets in Woodcliff Lake, New Jersey.
 
Low wage America


US has one of the highest number of employees working in low wage jobs of high paying industrialized nations. 1 out of 4 Americans employed work in jobs that pay less than $10 per hour.

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Where is that college eduction getting you? :shrug:

Most Americans, especially the young have little invested in anything. Part of this comes from the massive number working in low wage fields. When examining employment trends we find that some of the top number of jobs for the future will come from lower wage sectors.
 
I really wonder what the real statistics are in america?
Suicide is one thing, but it seems a bunch of folks with family problems also tend to take down their spouse and often their own children...all too often someone suspects something...but that's not always the case.

The impossible cost of medication and doctors means some people, fearing a rest home, take the short cut to the pearly gates. I suspect it will be more common in the future.

Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine spending
gasoline prices will come down. They've dropped 14¢ since last week around here. I filled up for $3.55 today...no ethanol. - diesel for farm use is $3.51.

But it seems like the inflation rate reported does not budge when gasoline goes UP but they do want to trumpet that when it goes down... Clearly, Obama has gave all the signals that he is willing to use the Strategic Oil Reserves as a way to keep prices down until the election.

Meanwhile the oil companies are attempting to bypass the TranCanada mess by reversing gas pipelines to the area to accept oil from the Dakatos. We are producing so much natural gas associated with those liquids that nat gas prices have plunged to a record ratio with oil. And the price is below $2 already. The nadir is generally July when the storage has to move the gas or shut wells in. Very hot summer will increase the use some, but natural gas reserves finding costs are over $3 per MCF.

Under emergency order natural gas is being vented and burned in the Dakotas...a total waste of natural gas. But there is no where to go with it and to shut it in, means to shut in the oil which is much needed. Every coal plant in America ought to be made into "dual fuel" plants that run on both coal and / or natural gas and the conversion of cars to natural gas should be done post haste... sadly, it just got bad press as an Oklahoma installer was killed when he unscrewed a valve from a tank thinking the tank was empty. It was not. It had 3600# of pressure in it. The valve shot through the side of the pickup bed, struck the man...pretty grusome end. But we need nat gas cars and to stop wasting natural gas...and for crying out loud, it is the energy of the future, so we should not be selling it overseas...even if it does bring $11 an MCF in Europe.
 
Investment Research firm shows that todays government reports are worthless

http://www.thedailyeconomist.com/2012/04/investment-research-firm-shos-that.html

Charles Biderman of the Investment Research firm TrimTabs created a blog video on April 16th in which he shows how government reports from the BLS (Bureau of Labor Statistics) are worthless to investors and the markets, and that the mainstream media is ignorant in how they try to portray these manipulated reports as a sign of a recovering economy.

Watch the video!
 
Randolph....the guy is exactly right....and it's like when CNBC starts talking up some company... IF I own stock in that company, it will be whipsawed with each babbling fool that talks about it. I dump the stock and go find another that isn't nearly so likely to be driven by lazy people listening to what some talk show host is touted as the "next big thing"...
 
Randolph....the guy is exactly right....and it's like when CNBC starts talking up some company....
A good example is Google. They were pumping it before earnings to have it tank after hours and the next day. CNBC is just a talking mouth for Wall Street. I listen to it to know what the banksters are up too. :new_snipersmilie:
 
You really have to wonder if some of those folks are not finding ways to profit off their own statements....Dick Bove talks, someone moves that way, so when we want that to move that way, we get Dick Bove to come on the show....
 
Chris Whalen’s View of Economic Hell

The Fed has become so corrupt and so captured by the banking industry that we’ve turned the whole thing on its head. The Fed is now there to support the speculators and they let the real economy go to hell.

Watch the video!

Chris Whalen: Economic Hell - YouTube!
 
California's plan to fail has succeeded!

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/04/20/prweb9427339.DTL

Saturday, April 21, 2012

California lost another 2,200 manufacturing jobs in March, according to today's Labor Market Information Department (LMID) report. After a 33 percent loss of the state's industrial base over the last decade, the larger concern for the California Manufacturers & Technology Association is an emerging trend in the country's manufacturing growth numbers.

Over the last two years California has increasingly lagged the U.S. in terms of new industrial jobs. Since 2010 the U.S. grew it's manufacturing employment by 4 percent and a total of 470,000 jobs, while California remains stagnant with only .03 percent growth.

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