You Want More Charts?
Following up on the original “You Want Charts?” posting on January 19, 2010, here’s an update with new charts and more shocking stats.
So it’s no longer just the men who are losing jobs. In past recessions, it was glaringly noted that women tended to retain their jobs better than men and also found jobs better than men. This time, the economy is making victims regardless of gender.
The weak economy is also not racist …
In a dated statistic, it would seems that this “Jobless Recovery” may have some credibility as the economic data improves …
… and unemployment stalls its meteoric rise …
… and the Leading Economic Index looking like something that would turn a rock climber on.
Still, the worrying signs are still there to ponder. Housing Starts are still down while vacancies soar …
… exports drop while other countries (did I say China?) take over …
… and we haven’t even touched on Commercial Real Estates yet.
The Plunge Protection Team is still packing a lot of punch with loads of back-up in store.
And as they pump more money into the system, companies like AIG pump it out to those that don’t need it the money …
… and the banks continue to stifle growth.
The obvious conclusion we can take from all this is that the market will continue to show strength, albeit an artificially inflated one, while the economy continues to groan and bleed.
The long-term problems are so deep and heavy that we cannot even start to imagine what the future is going to look like, short of depressing and troubled. Will history repeat itself in this day and age and will this massive imbalance in global economics lead to where all historical imbalances have led to … war?
With the on-going worries amongst the PIGS, Dubai and the U.S., the power of money and economic strength has obviously shifted to Asia. Monetary policy alone will not be enough to bring that power back to the west. This could just be the turning point in the planet’s history where yet again, power shifts. It’s been a long time since Asia held the world in the palm of its hand – the last guy to do it was Kublai Khan, 700 years ago.
Thinking that it may not be a bad idea, I’m tempted to write a new book titled;
“How the West was Weaned“.
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