Economic Reports & Market Observations 01/25/09
Bottomless pit comes to mind...
NAHB/WF Home Builders Index Jan 8 vs prior 9; an all time low. Yoy -110%; one year ago 19, weakest element in the index; single family home sales at 6.
Housing Starts Dec -15.5% vs -15.1% at 550M; an all time low.
Yoy -45%; multiunit -20%; SFR -13%. The cascade from housing has decimated the emasculated outsourced service based economy.
Housing Permits Dec -10.7% vs -15.8% at 549M; an all time low.
Yoy -50%. Rigor mortis sets in on the economic engine responsible for 80% of all job "growth" since 2001.
Initial Claims Jan 17th +62K at 589K vs 527K; the highest since the early 80's.
Continuing claims +97K at 4.6M; 4 week MA +59K at 4.56M; both at levels not seen since the early 80's.
The world’s largest software maker made its first companywide job cuts.
Microsoft is eliminating as many as 5,000 jobs and 5,000 or more contract workers. It said 1,400 jobs would be cut yesterday.
Despite a $4 billion profit, Microsoft lays off, and its weasel founder Kermit The Frog Gates testifies...
that there is a shortage of qualified American software engineers, so that they may import more cheap foreign H1B labor. Shameless turncoats.
We've Nattered this before, we Natter it again,
$5 Trillion has been committed by our idiotic government to the house of finance and automotive. This is like spitting into a tidal wave.
The central bankers can cut to negative rates and give all the money away that they want, this is a fait accomplit, NOTHING AND NO ONE CAN STOP THIS TRAINWRECK.
That money would have paid off 50% of all mortgage balances in the US and effectively solved a large part of the problem.. Instead, the whores on the hill...
have doled it out to their cronies, who are nothing more than a pack of doomed AIDS patients; on their death beds and soon to die; no matter how much is spent on them.
Under the guise of derilict stewardship and treasonous crisis management, these traitors have sold our future and our childrens childrens futures down a river for a sack of gold coin.
Ingenious don't you think? DJIA 5500 will be in sight soon, and with it, the decimation of most 401K's and private pension plans ability to pay out.
What will a 10% advertised and in reality 20% disoccupied public do then?
Perhaps what it should have done years ago... take back it's country by force.
NAHB/WF Home Builders Index Jan 8 vs prior 9; an all time low. Yoy -110%; one year ago 19, weakest element in the index; single family home sales at 6.
Housing Starts Dec -15.5% vs -15.1% at 550M; an all time low.
Yoy -45%; multiunit -20%; SFR -13%. The cascade from housing has decimated the emasculated outsourced service based economy.
Housing Permits Dec -10.7% vs -15.8% at 549M; an all time low.
Yoy -50%. Rigor mortis sets in on the economic engine responsible for 80% of all job "growth" since 2001.
Initial Claims Jan 17th +62K at 589K vs 527K; the highest since the early 80's.
Continuing claims +97K at 4.6M; 4 week MA +59K at 4.56M; both at levels not seen since the early 80's.
The world’s largest software maker made its first companywide job cuts.
Microsoft is eliminating as many as 5,000 jobs and 5,000 or more contract workers. It said 1,400 jobs would be cut yesterday.
Despite a $4 billion profit, Microsoft lays off, and its weasel founder Kermit The Frog Gates testifies...
that there is a shortage of qualified American software engineers, so that they may import more cheap foreign H1B labor. Shameless turncoats.
We've Nattered this before, we Natter it again,
$5 Trillion has been committed by our idiotic government to the house of finance and automotive. This is like spitting into a tidal wave.
The central bankers can cut to negative rates and give all the money away that they want, this is a fait accomplit, NOTHING AND NO ONE CAN STOP THIS TRAINWRECK.
That money would have paid off 50% of all mortgage balances in the US and effectively solved a large part of the problem.. Instead, the whores on the hill...
have doled it out to their cronies, who are nothing more than a pack of doomed AIDS patients; on their death beds and soon to die; no matter how much is spent on them.
Under the guise of derilict stewardship and treasonous crisis management, these traitors have sold our future and our childrens childrens futures down a river for a sack of gold coin.
Ingenious don't you think? DJIA 5500 will be in sight soon, and with it, the decimation of most 401K's and private pension plans ability to pay out.
What will a 10% advertised and in reality 20% disoccupied public do then?
Perhaps what it should have done years ago... take back it's country by force.
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