CHART OF THE DAY: US debt vs. GDP in 2009 – The Prudent Investor Blog
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Unemployment: The Government’s Scary Projections – Tom Lindmark – … What do they think happens to U-6? If it follows the same trends then we’re talking about millions of working Americans consigned to marginal existence for the foreseeable future. … – But Then What
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Census Bureau: 130.6 Million Housing Units in the US; 18.9 Million are Vacant – by Adam Quinones – The Census Bureau today released the Report on Residential Vacancies and Homeownership. This data covered fourth quarter 2009. – has summary – Mortgage News Daily
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Biggest Bubble in History Is Growing Every Day: William Pesek – Real estate, stocks, credit. China sure has its share of bubbles. Oddly, little attention is paid to the biggest one of all. China’s currency reserves grew by more than the gross domestic product of Norway in 2009. Its $2.4 trillion of reserves is a bubble all its own, one growing before our eyes with nary a peep out of those searching for the next big one. – Bloomberg
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Chart of the Day – Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 20,000 in January. Today’s chart puts that decline into perspective by comparing job losses following the beginning of the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-1999 (dashed blue line). …
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7 interesting charts: The Seven Faces of Malaise – Paper Economy Blog
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Conversation With My 14 Year Old Son – I do not have a son, nor daughters. However, I did receive an email from "Clyde" who does. Clyde Writes … I had an interesting moment with my 14 year old son the other day. I had gone to the US Debt Clock website and was taking a minute to just watch the numbers roll up and down in the various amounts. … My 14 year old son walked by and I had him take a look at it all, explaining that someday my son, all this will be yours. His first words were "Why the hell should I have to pay that back?" - MISH’S Global Economic Trend Analysis
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Foreigners Caused America’s Financial Crisis? A Closer Look – By Dian L. Chu - … In the end, foreigners demand did not bring about the systemic risk. It is the lack of check-and-balance in our system allowing a concentration of risk into the hands of a few that almost brought the world to an utter collapse. … Endgame and checkmate could come when unfettered financial institutions again push the economy to the brink, and there is no resources left for another bailout or rescue. … – Economic Forecasts & Opinions