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For what it is worth, my business economic data point, one out of some millions: December sales were up 20% y-y, January sales are down 60% y-y. "Normally, my January sales are better than December's. Good times are not here, at least for me.

Perhaps I'm not alone on the dismal sales for the month:

"Spending averaged $55 in the week ending January 9 – down as expected but also well below the $68 average for the same week during the previous year. Whatever reasons for the big drop, Jacobe says "there are no signs that consumer spending will improve much in early January 2011.""


Nor for the companies for which Consumer Metrics Institute tracks. Their GDP read is of interest too.


Speaking of two different economies, look at these headlines from CNN Money, just now, I kid you not.

"Intel identifies design problem with a chip; current-quarter profit margins will be lower than expected. "

"Jobs are back! But the pay stinks"

"Stocks waver as Egypt unrest continues"

"Unrest in Egypt: Full coverage from CNN"

"Egypt debt rating lowered by Moody's"

"Americans earn and spend more, save less"

"Exxon Mobil posts 53% jump in profit"

"Fannie and Freddie's biggest deadbeats"

"Your new smartphone is already a dinosaur"

"4-season DIY home guide"

"The best executive perks of 2010"

"American cities with the worst drinking water"

As I've stated before, my apparent spending is up, because I'm now on food stamps, along with 45 million other Americans, but no longer paying on my debt and mortgage. I've also had some car troubles, which required me to spend some of the meager savings I recently built up.

This "growth", is dependent on the government debt increasing by $1.5 trillion this year, which is $5,000 per citizen, $18,400 per family. So, is the hole getting shallower or deeper?

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