Posted on 01/25/2016 5:44:17 PM PST by SkyPilot
We have not seen global economic activity fall off this rapidly since the great recession of 2008. Manufacturing activity is imploding all over the planet, global trade is slowing down at a pace that is extremely alarming, and the Baltic Dry Index just hit another brand new all-time record low. If the "real economy" consists of people making, selling and shipping stuff, then it is in incredibly bad shape. Here in the United States, the dismal economic numbers continue to stun all of the experts. For example, on Monday we learned that the Texas general business activity index just hit a six year low...
Economic activity in Texas keeps getting worse.
The general business activity index out Monday from the Dallas Federal Reserve for January was -34.6, a six-year low and much worse than economists had expected.
The forecast for the monthly index was -14, following a December reading of -21.6 (revised from -20.1) that was also worse than expected.
One could perhaps argue that this is to be expected in Texas because of the collapse in the price of oil.
But what about the very unusual things that we are seeing in other areas of the country? In Erwin, Tennessee, a rail terminal that had been continuously operating for 135 years was just permanently shut down, and hundreds of workers now find themselves without a job...
The last coal train to leave Erwin rolled slowly out of town just after at 3 p.m. Thursday, less than eight hours after CSX Transportation employees heard the news that rocked all of Unicoi County.
"Its a hard pill to swallow," county Mayor Greg Lynch said. "Of course, we heard rumors that something was coming down. But never in my wildest dreams did I imagine they would just shut down..."
(Excerpt) Read more at theeconomiccollapseblog.com ...
Festus’s first law of economics, “They ain’t no danged sense in runnin’ no dadgummed factory jist so’s yuh kin keep on a losin’ yer danged money, doc, instead o’ doin’ that there yuh could be a ketchin’ a whole lot o’ catfish.”
They dun kilt my business.
Dodd-Frank has made it HARDER for those with good credit and lending history to get real estate investment loans,
while making it easier for people with rotten credit histories to get loans they won’t pay off.
something of an exaggeration. The coal trains roll out of Kentucky and Virginia and pass through Erwin. Erwin's function is provided elsewhere.
Mary the elephant was hung in the rail yards in 1916 after she trampled a keeper in nearby Kingsport. The crane capable of the job was in Erwin so they took here there for execution.
Could you find some links about these things - Soros’ claims that the 2008 financial crisis was the culmination of his life’s work and he was behind the refugee situation in Europe?
The combination of those 2 things paints a picture of Soros uniting the communists and Islamists against the free world, and his smug comments suggest to me that he figures the destruction he’s been working on is inevitable. I posted a link where Politico describes the Obama people as very smug about their successes. All this stuff together REALLY makes me think that we can expect an EMP attack before any new POTUS can be inaugurated. They’re just waiting for the perfect time to hit.
Trump and Cruz NEED to demand that we move our portable radar system to cover the hole in our southern radar defense. Iran and North Korea have practiced the delivery system that would exploit that hole to hit us with an EMP attack, and everything Obama is doing suggests to me that this is the culminating surprise he’s planning to use since at least July of 2008 when he said he would be POTUS for “the next 8-10 years”. The terrorist sleeper cells have been allowed in, and once the SHTF they can take over each state capitol and within the 10 years of Obama’s contract get the USA dismantled and part of the worldwide Islamic caliphate that all of Obama’s allies (who he’s been arming, funding, training, giving access to, and defending) are after.
He did.
Publicly.
On the record.
Hope and change not have been as shovel ready as Obama led us to believe.
Any college Economics 101 course teaches the difference between total labor force, the work force participation numbers and the unemployment numbers. Why ‘experts are stunned’ tells me these experts need to get back to the basics.
the GDP is x - 3.5 percent.
So if they tell you its 2.5 percent, IT ACTUALLY IS NEGATIVE 1 PERCENT.
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