Unchained Preppers
General Category => News & Politics => Topic started by: JohnyMac on November 15, 2012, 09:42:58 AM
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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 (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 (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....
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Stay tuned...
The EU is officially in Recession. http://www.thehindu.com/business/Economy/europe-slips-into-recession-again/article4098765.ece (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...
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Looks like the Myans had it right.
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Yup Grudgie.
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R.E.M. - It's The End Of The World (http://www.youtube.com/watch?v=Z0GFRcFm-aY#)