The Global Depression » Economic Depression Metrics

This Time is Different – A book you have to read to understand what is here

TheHoboAvoidance Coach — Fri, 13 Aug 2010 12:58:00 +0000

commentary:

The total debt of the United States is approaching 120% of our GDP when you combine the debt of the US Federal Government, the States and local governments, and this NEW debt we have taken on in the form of Freddie Mac, Fannie Mae and AIG.

Historically, no economy can grow quickly if at all when their debt is 90% or more of GDP. Historically, no government or economy can survive when it actually hits 120%.

This Time is Different helps explain what has happened, what is going on, where we are...

Reagan Finance Insider Ticks off 4 Points of How GOP DESTROYED the US Economy David Stockman, a former Ronald Reagan finance insider from the...

Reagan Finance Insider Ticks off 4 Points of How GOP DESTROYED the US Economy

TheHoboAvoidance Coach — Fri, 13 Aug 2010 01:10:07 +0000

commentary:

David Stockman, a former Ronald Reagan finance insider from the 80’s who helped craft Reagonomics has called the US Economy destroyed. Flatline was diagnosed this week. He ticks off four points by which the GOP (not the Democrats all though they definitely provided a serious assist) DESTROYED the US economy.

MarketWatch article – breaks down the 4 points clearly

Original Op Ed article by Stockman himself "Four Deformations of the Apocalypse"

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Asleep at the Wheel – Fed Creates 600,000 jobs at $1.3 million per job!

TheHoboAvoidance Coach — Mon, 01 Feb 2010 14:40:00 +0000

commentary:

Maybe you are one of the 3 million plus people that lost a job in 2009 or maybe even one of the 5 million plus people that lost a job the year before in 2008. Either way, you are probably very happy to learn that in 2009 the Federal Government spent $787 billion dollars to create just 600,000 jobs.

Actually, according to their own numbers, ALMOST 600k jobs.

That means the government spent $1.3 million per job! ...

Global Depressions Spark Increase in Military Spending When governments and economies can’t pay for resources any more,...

If You Live in These Seven States, You Are Already in the Depression

TheHoboAvoidance Coach — Wed, 11 Mar 2009 15:39:29 +0000

commentary:

Seven states received a wakeup call this week as new unemployment statistics confirmed that depression era level double digit unemployment has already struck.

Seven states posted unemployment rates larger than 10 percent in January, according to figures released Wednesday morning by the U.S. Bureau of Labor Statistics.

Michigan was saddled with the nation’s highest jobless rate in January, 12.5 percent in statistics that were not seasonally adjusted. It had been the only state to rise above 10 percent during the previous month, December 2008.

Also topping the 10-percent mark in January were Rhode Island (11.4 percent unemployment), Oregon (10.9 percent),...
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