Saturday, 23 March 2013

Putting all of the economic data together and projecting the future for the US (absolutely dismal)




The erosion of the US economy in 2 words - Jobs & wages.

http://ian56.blogspot.co.uk/2013/03/some-charts-on-jobs-and-wages.html

The problems of the US economy are due to a transfer of wealth to the top 1%, (mostly via astronomical levels of military spending and Corporate Welfare)  and a consistent and dramatic decline in real wages and disposable incomes.

QE and money printing is a mechanism to transfer the wealth of the many to the few.
The top 1% are still doing very well.
The 99% are NOT.

Congressional budget plans and why the US is in deep trouble.
http://ian56.blogspot.co.uk/2013/03/cbo-projections-of-future-gdp-growth.html

All of the Fiscal Cliff deal, the full implementation of Obamacare and Current Federal Reserve printing are strongly recessionary.
The effects are already showing up in the jobs reports.

http://ian56.blogspot.co.uk/2013/03/february-jobs-reports-explained-and-why.html

Obama's "recovery" in a set of economic charts.
http://ian56.blogspot.co.uk/2012/11/unemployment.html 

The overall picture 
A very deep and prolonged recession will start in the second half of 2013 due to current government and Federal Reserve policies. 

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