interestrateripoff Posted March 22, 2015 Share Posted March 22, 2015 http://www.zerohedge.com/news/2015-03-21/10-charts-which-show-we-are-much-worse-just-last-economic-crisis If you believe that ignorance is bliss, you might not want to read this article. I am going to dispel the notion that there has been any sort of “economic recovery”, and I am going to show that we are much worse off than we were just prior to the last economic crisis. If you go back to 2007, people were feeling really good about things. Houses were being flipped like crazy, the stock market was booming and unemployment was relatively low. But then the financial crisis of 2008 struck, and for a while it felt like the world was coming to an end. Of course it didn’t come to an end – it was just the first wave of our problems. The waves that come next are going to be the ones that really wipe us out. Unfortunately, because we have experienced a few years of relative stability, many Americans have become convinced that Barack Obama, Janet Yellen and the rest of the folks in Washington D.C. have fixed whatever problems caused the last crisis. Even though all of the numbers are screaming otherwise, there are millions upon millions of people out there that truly believe that everything is going to be okay somehow. We never seem to learn from the past, and when this next economic downturn strikes it is going to do an astonishing amount of damage because we are already in a significantly weakened state from the last one. For each of the charts that I am about to share with you, I want you to focus on the last shaded gray bar on each chart which represents the last recession. As you will see, our economic problems are significantly worse than they were just before the financial crisis of 2008. That means that we are far less equipped to handle a major economic crisis than we were the last time. #1 The National Debt Just prior to the last recession, the U.S. national debt was a bit above 9 trillion dollars. Since that time, it has nearly doubled. So does that make us better off or worse off? The answer, of course, is obvious. And even though Barack Obama promises that “deficits are under control”, more than a trillion dollars was added to the national debt in fiscal year 2014. What we are doing to future generations by burdening them with so much debt is beyond criminal. And so what does Barack Obama want to do now? He wants to ramp up government spending and increase the debt even faster. This is something that I covered in my previous article entitled “Barack Obama Says That What America Really Needs Is Lots More Debt“. #2 Total Debt Over the past 40 years, the total amount of debt in the United States has skyrocketed to astronomical heights. We have become a “buy now, pay later” society with devastating consequences. Back in 1975, our total debt level was sitting at about 2.5 trillion dollars. Just prior to the last recession, it was sitting at about 50 trillion dollars, and today we are rapidly closing in on 60 trillion dollars. #3 The Velocity Of Money When an economy is healthy, money tends to change hands and circulate through the system quite rapidly. So it makes sense that the velocity of money fell dramatically during the last recession. But why has it kept going down since then? Quote Link to comment Share on other sites More sharing options...
Assume The Opposite Posted March 22, 2015 Share Posted March 22, 2015 Just saying Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 24, 2015 Share Posted March 24, 2015 Our debt there I think excludes the huge amount for bank bailouts. Secondly, our problem is public AND private debts combined, driven by house prices and an appallling trade deficit. A compound debt death spiral. Quote Link to comment Share on other sites More sharing options...
R K Posted March 24, 2015 Share Posted March 24, 2015 Figure 7: Mix-adjusted average house price: UK, country and region House Prices for January 2015 Quote Link to comment Share on other sites More sharing options...
R K Posted March 24, 2015 Share Posted March 24, 2015 Figure 1: Annual house price rates of change, UK all dwellings from January 2004 to January 2015 12 month percentage change http://www.ons.gov.uk/ons/rel/hpi/house-price-index/january-2015/stb-january-2015.html#tab-House-Price-Index-UK-Summary (Id start a thread but nobody seems very interested in data anymore) Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 26, 2015 Share Posted March 26, 2015 Figure 1: Annual house price rates of change, UK all dwellings from January 2004 to January 2015 12 month percentage change http://www.ons.gov.uk/ons/rel/hpi/house-price-index/january-2015/stb-january-2015.html#tab-House-Price-Index-UK-Summary (Id start a thread but nobody seems very interested in data anymore) Great chart. Look how well the peaks correspond with the election cycle. 2005, 2010 and 2015. Clearly, Brown was aiming for another circa 2008-9 but was interrupted by the GFC. Quote Link to comment Share on other sites More sharing options...
R K Posted March 31, 2015 Share Posted March 31, 2015 (edited) At some point, what Cameron/Osborne have done usually (historically) ends in a currency crisis. Just sayin Duncan Weldon @DuncanWeldon 36m36 minutes ago Annual UK Current Account (percentage of GDP) 1948-2014. Edited March 31, 2015 by R K Quote Link to comment Share on other sites More sharing options...
bankstersparadise Posted March 31, 2015 Share Posted March 31, 2015 At some point, what Cameron/Osborne have done usually (historically) ends in a currency crisis. Just sayin Duncan Weldon @DuncanWeldon 36m36 minutes ago Annual UK Current Account (percentage of GDP) 1948-2014. All this tells you is that the UK is a geared play on the global economy and UK property is a geared play on the UK......with CBs monetizing deficits left right and center with seemingly no consequences this puppy will blow hard when we get the next global black swan. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 2, 2015 Share Posted April 2, 2015 (edited) US economy now growing at a brisk 0.0% according to the Atlanta Fed. https://www.frbatlanta.org/cqer/researchcq/gdpnow.cfm Edited April 2, 2015 by zugzwang Quote Link to comment Share on other sites More sharing options...
R K Posted April 2, 2015 Share Posted April 2, 2015 (edited) US economy now growing at a brisk 0.0% according to the Atlanta Fed. https://www.frbatlanta.org/cqer/researchcq/gdpnow.cfm Buy the negative surprise dip after release end of April. (edit typo) Edited April 3, 2015 by R K Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 2, 2015 Share Posted April 2, 2015 By the negative surprise dip after release end of April. Easter Grexit then another blast of QE from the Fed? Quote Link to comment Share on other sites More sharing options...
ElPapasito Posted April 4, 2015 Share Posted April 4, 2015 The Depression we're in. Chart from the Daily Telegraph. Only fictitious services boosted to recovery by 'extraordinary' policies. What is the difference between manufacturing and production? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 5, 2015 Share Posted April 5, 2015 The shale bubblers are being held upright by their hedges. http://www.eia.gov/todayinenergy/detail.cfm?id=20632 Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 6, 2015 Share Posted April 6, 2015 BRIC services PMIs slip, sliding away. Just need China to roll over nicely and we may have ourselves another global recession. Word. http://trueeconomics.blogspot.co.uk/2015/04/6415-bric-services-pmis-overall.html Quote Link to comment Share on other sites More sharing options...
R K Posted April 7, 2015 Share Posted April 7, 2015 RBS Economics @RBS_Economics 2h2 hours ago Unchanged melody. The global savings ratio is higher than it was pre-crisis. What to do with that savings glut? global fiscal policy failure in 1 chart. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 7, 2015 Share Posted April 7, 2015 Exhausted world stuck in permanent stagnation. Not my words, for once, but those of the IMF. http://www.telegraph.co.uk/finance/economics/11520098/Exhausted-world-stuck-in-permanent-stagnation-warns-IMF.html Quote Link to comment Share on other sites More sharing options...
R K Posted April 10, 2015 Share Posted April 10, 2015 RBS Economics @RBS_Economics 3h3 hours ago UK house prices may be on the up, but house building is not. Quote Link to comment Share on other sites More sharing options...
R K Posted April 11, 2015 Share Posted April 11, 2015 RBS Economics @RBS_Economics 3h3 hours ago The growth in the money spent on house building in London has been the fastest on record Quote Link to comment Share on other sites More sharing options...
R K Posted April 11, 2015 Share Posted April 11, 2015 (edited) RBS Economics @RBS_Economics 4h4 hours ago Where the money on building has been spent in the UK in a short series of tweets. First up, growth during 2014. What is going on in Scotland & North East?! Edited April 11, 2015 by R K Quote Link to comment Share on other sites More sharing options...
Guest_growlers_* Posted April 11, 2015 Share Posted April 11, 2015 RBS Economics @RBS_Economics 3h3 hours ago The growth in the money spent on house building in London has been the fastest on record Scary. I've been following value new construction orders for a while. I was. Convinced the numbers were nominal because up tick so extreme for London but no...inflation adjusted. Crashy crashy. Quote Link to comment Share on other sites More sharing options...
R K Posted April 16, 2015 Share Posted April 16, 2015 RBS Economics @RBS_Economics 8m8 minutes ago London housing watch. RICS says y/y growth bottoms out in Q3. And don't expect any major price falls either. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 18, 2015 Share Posted April 18, 2015 Chinese pai gow gamblers take a look down. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted April 21, 2015 Share Posted April 21, 2015 Chinese pai gow gamblers take a look down. Holy smoly,can't even begin to guess what's coming next.... Quote Link to comment Share on other sites More sharing options...
R K Posted April 23, 2015 Share Posted April 23, 2015 Jules Birch @jules_birch 33m33 minutes ago Blog: Here's what happened to housing tenure under the coalition http://www.insidehousing.co.uk/rentier-nation/7009419.blog … Quote Link to comment Share on other sites More sharing options...
zugzwang Posted April 24, 2015 Share Posted April 24, 2015 Few signs of recovery in the US housing market. In fact, since the introduction of QE and ZIRP sales of 'middle-income' homes nationwide have halved again. Trickle down? Quote Link to comment Share on other sites More sharing options...
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