Transition Whatcom

Economic depression ?

An alarm bell for economic recessions is raised when energy takes a disproportionate amount of total consumer expenditures. In this context, risk mitigation practices in government and business are called for. As for the former, early education of the citizenry about the risk of economic contraction is a prudent policy to minimize potential future social discord. As for the latter, all business operations should be examined with the aim of building in resilience and preparing for a scenario in which capital and energy are much more expensive

#1 According to one new survey, approximately one-third of all Americansare not paying their bills on time at this point. http://www.reuters.com/article/2012/04/04/us-foreclosure-idUSBRE833...

#2 The U.S. housing industry is bracing for another huge wave of foreclosures in 2012. "We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010," said MarkSeifert, executive director of Empowering & Strengthening Ohio's People (ESOP), a counseling group with 10 offices in Ohio.

http://www.reuters.com/article/2012/04/04/us-foreclosure-idUSBRE833...

#3 The Citigroup Economic Surprise Index, a key indicator watched by many economists, is on the verge of heading into negative territory. http://www.bloomberg.com/quote/CESIUSD:IND/chart

#4 We are supposed to be in the middle of an economic recovery in the United States, but bad news just keeps pouring in from major companies.

#5 Richard Russell says that the "big money" is starting to quietly exit from the financial markets....

"My guess is that this is the big money that has been holding off as long as it decently can -- and then dumping their goods just before the close. I don't think the big money likes this market, and I think they have been slowly exiting this market, as quietly as they can."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/...

 

#6 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.

#7 All over the country, local governments are going into default and we have not even entered the next recession yet.

http://www.nytimes.com/2012/04/01/us/cities-swap-bold-strategies-fo...

#8 The U.S. government will add more to the national debtin 2012 .

#9 The Federal Reserve is desperately trying to control interest rates. The Fed purchased approximately 61 percent of all government debt issued by the US Treasury Department in 2011. This is the only thing that is keeping interest rates in the United States from soaring dramatically. http://www.moneynews.com/Headline/fed-debt-Treasury/2012/03/28/id/4...

#10 At this point, even some of our top scientists are projecting economic trouble. For example, researchers at MIT are projecting a "global economic collapse" by the year 2030 if current trends continue. http://news.yahoo.com/blogs/sideshow/next-great-depression-mit-rese...

 

 

Views: 38

Reply to This

© 2022   Created by David MacLeod.   Powered by

Badges  |  Report an Issue  |  Terms of Service