The Worst Economic Numbers In More Than A Year

[ScienceRocks]

The Worst Economic Numbers In More Than A Year

By Michael, on November 15th, 2012

With everything else that is going on in the world, a lot of people have failed to notice that we are seeing some of the worst economic numbers that we have seen in more than a year. For example, it was announced on Thursday that initial claims for unemployment benefits have hit their highest level in a year and a half. Hopefully this is just a temporary blip in the data, because initial unemployment claims tend to have a very strong correlation with the overall performance of the economy. We also continue to see poverty statistics rise.

According to government statistics released earlier this month, the number of Americans living in poverty and the number of Americans on food stamps are both at all-time record highs. Meanwhile, the Dow and the S&P 500 are both down more than 5 percent since the election and the U.S. government rolled up 22 billion dollars more debt in October 2012 than it did in October 2011. The unfortunate truth is that things are not getting better. The U.S. economy continues to become weaker and more unstable, and there are a whole lot of reasons to be very pessimistic about our economic situation as we move into the winter months.

The Worst Economic Numbers In More Than A Year

 

[The Rabbi]

The plan is working.

 

[konradv]

The plan is working.

Your plan to drive us off the cliff? Is that BLOG where you hatch your plots?

 

[JimH52]

You have regressed to posting from a partisan Blog? Has the election slap down really caused you that much pain? Give it up...

 

[Greenbeard]

According to the Federal Reserve Bank of New York, economic activity appears to be contracting in areas that were hit particularly hard by Superstorm Sandy...

What a coincidence.

 

[Mac1958]

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I wonder if the writer knew that analysts expected worse numbers due to the effects of Hurricane Sandy.

Hey, I realize we're just playing politics here, only want to hear one side of any story, but I thought I'd just toss that little nugget in there.

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[JimH52]

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I wonder if the writer knew that analysts expected worse numbers due to the effects of Hurricane Sandy.

Hey, I realize we're just playing politics here, only want to hear one side of any story, but I thought I'd just toss that little nugget in there.

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Why ruin Mattie's day with something silly like Facts. He seems so much more content in his world of make believe.

 

[JakeStarkey]

Matthew's hate simply discredits any of his postings.

 

[The Rabbi]

According to the Federal Reserve Bank of New York, economic activity appears to be contracting in areas that were hit particularly hard by Superstorm Sandy...

What a coincidence.

You would think the opposite, with the need to buy new building materials, restock stores and the like.
But logic was never strong point.

 

[Greenbeard]

You would think the opposite, with the need to buy new building materials, restock stores and the like.
But logic was never strong point.

Yeah, $50 billion in destroyed infrastructure and lost productivity is usually great for the local economy. This should've been the best month of the year for economic indicators!

 

[LoneLaugher]

Wait a minute, everyone. I think this one deserves a little more consideration. It was written by MICHAEL!!!!!.