Horror for US Economy as Data Falls off Cliff

CNBC ^ | 06/01/11 | Patrick Allen

[MissesBush]

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.

"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.

[RipSawyer]

That’s a trot line, not a trout line.

[RipSawyer]

“about $ 25.000 to invest”
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I had the same amount but I spent most of it on lunch for my wife and me.

[RipSawyer]

“and now from our economic analyst...”
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Yep, it reminds me of an outfit that used to sell printing franchises. They told me the name of their “technical expert” and he was someone I knew who had about two years experience as an apprentice in a little Mom and Pop printing operation. He was slightly more of an expert than the owner’s cat but not by much.

[Scotswife]

when people briefly spent a little more with their tax refund money - they tried to sell that news as a robust recovery.

Well....the refund money is spent. Gas tanks still need filling - summer vacation plans are being revised accordingly, and next year’s heating budget plans are already being mailed out.
Not only is it bad now - it’s going to be worse than 2008.

[Scotswife]

teachers are getting pink slips in droves. The august unemployment numbers will be interesting.

[darth]

It did not take much pushing to incite Imperial Japan to strike Pearl Harbor.

I have a friend whose father was a US Navy Chief. In 1939 the Chief was leading an infantry company IN CHINA against the Japanese invaders. There are a few interesting tidbits that never made it into history books.