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As suggested in a previous post, all this hype by the mainstream media didn't make any sense, especially with regards to the consumer's abilities to generate cash. It's quite amazing how the large US money managers and the US government bodies (Fed, Treasury, Obama, Congress, Senate, ...) manipulate this stuff.
Here are some actual consumer data:
* US Foreclosure - 1 or every 374 households received a foreclosure notice, in April alone - the highest monthly rate since data was tracked in 2005 (second month in a row).
* US unemployment rate - 8.9% (should have no problems eventually getting to 11% or 12%), the highest in more than quarter century (that doesn't even include part-time people unemployed and people unemployed for more than 1 year - my guess is that the true unemployment rate is closer to 15% - 18% range (the fully loaded method I just described is similar to the unemployment rate calculation that used during the great depression, when the rate got the high 20's during multiple yeears)
- retail sales took a big hit today (this is obviously consistent with all of the other data I've discussed - consumers are stretched (where the heck are they going to get all this money to spend if they are struggling to survive with basic necessities in life?)
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As suggested in a previous post, all this hype by the mainstream media didn't make any sense, especially with regards to the consumer's abilities to generate cash. It's quite amazing how the large US money managers and the US government bodies (Fed, Treasury, Obama, Congress, Senate, ...) manipulate this stuff.
Here are some actual consumer data:
* US Foreclosure - 1 or every 374 households received a foreclosure notice, in April alone - the highest monthly rate since data was tracked in 2005 (second month in a row).
* US unemployment rate - 8.9% (should have no problems eventually getting to 11% or 12%), the highest in more than quarter century (that doesn't even include part-time people unemployed and people unemployed for more than 1 year - my guess is that the true unemployment rate is closer to 15% - 18% range (the fully loaded method I just described is similar to the unemployment rate calculation that used during the great depression, when the rate got the high 20's during multiple yeears)
- retail sales took a big hit today (this is obviously consistent with all of the other data I've discussed - consumers are stretched (where the heck are they going to get all this money to spend if they are struggling to survive with basic necessities in life?)
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