US Economy

[JohnyMac]

Well now, the DJ stock market had over 162M trades yesterday and since Nov 6th the market has dropped 9.5% - OUCH! Futures trading shows another drop today. http://www.google.com/finance/historical?q=INDEXDJX:.DJI

First time unemployment number today was 439,000. http://mam.econoday.com/byshoweventfull.asp?fid=450930&cust=mam&year=2012&lid=0

My National Flood Insurance adjuster was at my house this past Tuesday. Once done he told me that there was approx $40K (+/- $2K) in damages. He then went onto explain to me that Hurricane Sandy caused around $50B in damages and NFI only has $6B on hand. So, "NFI may not award you the claim I will put in for your damages."

Now, add to the economy news things like...

> Rocket exchanges in the Middle East
> Benghazi
> Sex scandal at the highest levels of our government
> Noise from citizens in states who want to secede from the Union
> Blatant examples of voter fraud
> A President talking about a mandate
> Etcetera

It should be an interesting ride this coming winter.  [img]http://www.smileydesign.n

Stay tuned....

[JohnyMac]

Stay tuned...

The EU is officially in Recession. http://www.thehindu.com/business/Economy/europe-slips-into-recession-again/article4098765.ece

So that makes the EU and the UK now officially in recession.

If two quarters of negative GDP = recession; I feel we will be in recession by April, 2013.

The last quarter of fiscal 2012 we only had a GDP of 1.5% which as you know is very weak. I think that Q1 of fiscal 2013 will be negative followed by Q2 of similar results.

Stay tuned...
 

[Grudgie]

Looks like the Myans had it right.

[JohnyMac]

Yup Grudgie.

[Outonowhere]

R.E.M. - It's The End Of The World