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45 Signs That America Will Soon Be A Nation With A Very Tiny Elite

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August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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Author Topic: 45 Signs That America Will Soon Be A Nation With A Very Tiny Elite  (Read 419 times)
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« on: April 05, 2012, 05:58:32 am »

45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor

The middle class is being systematically wiped out of existence in the United States today.  America is a nation with a very tiny elite that is rapidly becoming increasingly wealthy while everyone else is becoming poorer.  So why is this happening?  Well, it is actually very simple.  Our institutions are designed to concentrate wealth in the hands of a very limited number of people.  Throughout human history, almost all societies that have had a big centralized government have also had a very high concentration of wealth in the hands of the elite.  Throughout human history, almost all societies that have allowed big business or big corporations to dominate the economy have also had a very high concentration of wealth in the hands of the elite.  Well, the United States has allowed both big government and big corporations to grow wildly out of control.  Those were huge mistakes.  Our founding fathers attempted to establish a nation where the federal government would be greatly limited and where corporations would be greatly restricted.  Unfortunately, we have turned our backs on those principles and now we are paying the price.

When you have great concentrations of wealth and power, the economic rewards of a society tend to go to just a few.

In the United States today, big businesses and wealthy individuals fund the campaigns of our politicians, and in turn our politicians pass laws which rig the game in their favor.  It is a symbiotic relationship which is very bad for America.

Sadly, most conservatives tend to cheer on the big corporations, but this is not how our founding fathers envisioned our capitalist system working.  Our founding fathers envisioned large numbers of similar companies competing against one another for customers.  They did not envision a very small number of giant corporations buying up all of their competitors or smashing them into oblivion with their giant piles of money.

True conservatives should want to see more competition instead of less competition.  Competition helped make America great, and we need to get back to that.

Instead of an economic landscape dominated by monolithic predator corporations, we need an economic environment where millions of small businesses can thrive and compete directly with one another.

Our founding fathers never intended for us to have the kind of system that we have today.  As I have discussed in previous articles, our founding fathers greatly restricted the size and scope of corporations in early America.  The following is how author Stephen D. Foster Jr. described the attitude toward corporations in the early years of the United States....

The East India Company was the largest corporation of its day and its dominance of trade angered the colonists so much, that they dumped the tea products it had on a ship into Boston Harbor which today is universally known as the Boston Tea Party. At the time, in Britain, large corporations funded elections generously and its stock was owned by nearly everyone in parliament. The founding fathers did not think much of these corporations that had great wealth and great influence in government. And that is precisely why they put restrictions upon them after the government was organized under the Constitution.

After the nation’s founding, corporations were granted charters by the state as they are today. Unlike today, however, corporations were only permitted to exist 20 or 30 years and could only deal in one commodity, could not hold stock in other companies, and their property holdings were limited to what they needed to accomplish their business goals. And perhaps the most important facet of all this is that most states in the early days of the nation had laws on the books that made any political contribution by corporations a criminal offense.
A giant central government that spends more than 20 percent of our GDP is a collectivist institution.

Enormous predator corporations that are constantly sucking up even more money and power are collectivist institutions.

Our founding fathers did not intend for our society to be dominated by collectivist institutions.

Very large institutions tend to reward the people that own and run them at the expense of everyone else.

And you know what?

A lot of these giant corporations have figured out that they don't even need American workers anymore.

Instead, many of them are shipping our jobs to the other side of the world where it it legal to pay slave labor wages.  That means bigger profits for them but less jobs for the rest of us.

In America today, the rich are getting richer and the poor are getting poorer, and big government and big corporations are the mechanisms by which this is happening.

Posted below are 45 signs that America will soon be a nation with a very tiny elite and the rest of us will be poor....

#1 Increasingly, gains in income are becoming very highly concentrated at the top of the food chain in America.  The following is how income gains in the United States were distributed during 2010....

-37 percent of all income gains went to the top 0.01 percent of all income earners

-56 percent of all income gains went to the rest of the top 1 percent

-7 percent of all income gains went to the bottom 99 percent

#2 Back in the 70s, the top 1 percent earned about 8 percent of all income.  Today, they earn about 21 percent of all income.

#3 The wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.

#4 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

#5 The poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#6 Median household income in the United States is down 7.8 percent since December 2007 after adjusting for inflation.

#7 The top 0.01% of all Americans make an average of $27,342,212.  The bottom 90% make an average of $31,244.

#8 According to the Economic Policy Institute, between 1979 and 2007 income growth for the top 1 percent of all U.S. income earners was an astounding 390 percent.  For the bottom 90 percent, income growth was only 5 percent over that same time period.

#9 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

#10 In 2010, 2.6 million more Americans descended into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.

#11 According to the New York Times, approximately 100 million Americans are either living in poverty or in "the fretful zone just above it".

#12 According to Heidi Shierholz, an economist with the Economic Policy Institute, about 53 percent of all income went to the middle class back in the 1970s, but today only about 46 percent of all income does.

#13 When you look at the ratio of employee compensation to GDP, it is now the lowest that is has been in about 50 years.

#14 In 1970, 65 percent of all Americans lived in "middle class neighborhoods".  By 2007, only 44 percent of all Americans lived in "middle class neighborhoods".

#15 Back in the year 2000, 11.3% of all Americans were living in poverty.  Today, 15.1% of all Americans are living in poverty.

#16 The poverty rate for children living in the United States increased to 22% in 2010.

#17 According to the U.S. Census Bureau, 6.7% of all Americans are living in "extreme poverty", and that is the highest level that has ever been recorded before.

#18 According to the U.S. Census Bureau, the percentage of "very poor" rose in 300 out of the 360 largest metropolitan areas during 2010.

#19 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#20 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#21 In the United States today, there are 240 million working age people.  Only about 140 million of them are actually working.

#22 Back in 2001, the ratio of wages to GDP was sitting at approximately 49 percent.  Today, it has fallen all the way down to about 44 percent.

#23 Half of all American workers now earn $505 or less per week.

#24 Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#25 In 2010, 19.7% of all U.S. working adults had jobs that would not have been enough to push a family of four over the poverty line even if they had worked full-time hours for the entire year.

#26 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#27 The average American household spent a staggering $4,155 on gasoline during 2011.

#28 If inflation was measured the exact same way that it was measured back in 1980, the rate of inflation in the United States would be well over 10 percent.

#29 According to a recent report produced by Pew Charitable Trusts, approximately one out of every three Americans that grew up in a middle class household has slipped down the income ladder.

#30 Total student loan debt in America has now passed the 1 trillion dollar mark, and about 270 billion dollars of those loans are at least 30 days delinquent.  These debts are absolutely crushing young middle class families.

#31 Today, approximately 25 million American adults are living with their parents.

#32 According to the Census Bureau, 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

#33 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.

#34 One out of every six elderly Americans now lives below the federal poverty line.

#35 The number of children living in poverty in the state of California has increased by 30 percent since 2007.

#36 According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.

#37 In November 2008, 30.8 million Americans were on food stamps.  Today, more than 46 million Americans are on food stamps.

#38 Right now, one out of every four American children is on food stamps.

#39 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

#40 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#41 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#42 Medicare spending increased by 138 percent between 1999 and 2010.

#43 One out of every six Americans is now enrolled in at least one government anti-poverty program.

#44 Federal housing assistance increased by a whopping 42 percent between 2006 and 2010.

#45 The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.

As the middle class is systematically destroyed, families are looking for ways to survive any way that they can.

Why do you think that dollar stores are absolutely thriving these days?

It is because that is the only place many families can afford to shop.

So what is the solution?

Well, many liberals claim that the solution is to tax the wealthy and redistribute their money to the poor.

But that is definitely not the answer.

That would give the wealthy more of an incentive to take their wealth and their businesses out of the United States, and it would give the poor more of an incentive to sit around and not work.

When I was younger, if I could have gotten the government to pay my bills I probably never would have worked at all.  I was quite lazy and I probably would have been more than happy to sit at home and collect government checks.

It is only human nature not to work hard when you have someone else willing to take care of you.  For example, Vice-President Joe Biden recently revealed that he stayed in the U.S. Senate for so long because he didn't want "a real job".  There is a part of all of us that would like to avoid hard work.

So redistributing wealth is not going to be good for society as a whole.  It penalizes being productive and it rewards being lazy.

And our tax system is already way too oppressive for those that honestly pay their taxes.

Did you know that the average American must work 107 days just to make enough money to pay their taxes?

That is before a single penny is earned for anything else.

That is absolutely obscene!

This year, the average American will spend approximately 29 percent of what they make on federal, state and local taxes.

No, the truth is that our current tax system is horrific and it needs to be thrown out.

But that is a topic for another article.

Getting back to the dying middle class, the real answer is to break up big government and to break up the big corporations and promote competition in our economy once again.

We need wealth and power to be spread out into millions and millions of hands.

We need a system that tremendously encourages small businesses instead of absolutely crushing them.

We need dozens of competitors in most industries instead of just a handful.

We need to empower average Americans to be their own bosses instead of being dependent on big government and big corporations.

We need a system that gives "the little guy" a fighting chance.

It could be done if the American people were willing to reign in big government and the big corporations.

If you believe in the U.S. Constitution, you should believe in limiting the power of the federal government and limiting the power of the big corporations.

Those are principles that our founding fathers believed in, and those are principles that we need to return to.

http://endoftheamericandream.com/archives/45-signs-that-america-will-soon-be-a-nation-with-a-very-tiny-elite-and-the-rest-of-us-will-be-poor
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« Reply #1 on: April 05, 2012, 10:23:10 am »

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« Reply #2 on: April 05, 2012, 04:45:34 pm »

James 5:1  Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
Jas 5:2  Your riches are corrupted, and your garments are motheaten.
Jas 5:3  Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
Jas 5:4  Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.
Jas 5:5  Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
Jas 5:6  Ye have condemned and killed the just; and he doth not resist you.
Jas 5:7  Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain.
Jas 5:8  Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.

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« Reply #3 on: April 26, 2012, 11:14:23 am »

http://theeconomiccollapseblog.com/archives/22-red-flags-that-indicate-that-very-serious-doom-is-coming-for-global-financial-markets

If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012.  Right now, red flags are popping up all over the place.  Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet.  Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end.  A whole host of problems that have been festering just below the surface are starting to manifest, and we are beginning to see the ingredients for a "perfect storm" start to come together.  The greatest global debt bubble in human history is showing signs that it is getting ready to burst, and when that happens the consequences are going to be absolutely horrific.  Hopefully we still have at least a little bit more time before the global financial system implodes, but at this point it doesn't look like anything is going to be able to stop the chaos that is on the horizon.

The following are 22 red flags that indicate that very serious doom is coming for global financial markets....

#1 According to CNN, the level of selling by insiders at corporations listed on the S&P 500 is the highest that it has been in almost a decade.  Do those insiders know something that the rest of us do not?

#2 Home prices in the United States have fallen for six months in a row and are now down 35 percent from the peak of the housing market.  The last time that home prices in the U.S. were this low was back in 2002.

#3 It is now being projected that the Greek economy will shrink by another 5 percent this year.

#4 Despite wave after wave of austerity measures, Greece is still going to have a budget deficit equivalent to about 7 percent of GDP in 2012.

#5 Interest rates on Italian and Spanish sovereign debt are rapidly rising.  The following is from a recent RTE article....

    Spain's borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone's determination to deal with its debts.

    And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.

#6 The government of Spain recently announced that its 2011 budget deficit was much larger than originally projected and that it probably will not meet its budget targets for 2012 either.

#7 Amazingly, bad loans now make up 8.15 percent of all loans on the books of Spanish banks.  That is the highest level in 18 years.  The total value of all toxic loans in Spain is equivalent to approximately 13 percent of Spanish GDP.

#8 One key Spanish stock index has already fallen by more than 19 percent so far this year.

#9 The Spanish government has announced a ban on all cash transactions larger than 2,500 euros.  Many are interpreting this as a panic move.

#10 It is looking increasingly likely that a major bailout for Spain will be needed.  The following is from a recent Reuters article....

    Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.

#11 Analysts at Moody's Analytics are warning that Italy has now reached financially unsustainable territory....

    "Italy is already out of fiscal space, in our estimate." said Moody's. "Its debt levels relative to GDP already exceed a manageable level. The manageable limit for Italian 10-year bond yields is estimated at 4.2pc. As of Wednesday, Italian 10-year yields were 5.46pc."

#12 It is being projected that the Portuguese economy will shrink by 5.7 percent during 2012.

#13 There is even trouble in European nations that have been considered relatively stable up to this point.  For example, the Dutch government collapsed on Monday after austerity talks broke down.

#14 The head of the IMF, Christine Lagarde, says that there are "dark clouds on the horizon" for the global economy.

#15 The top economist for the IMF, Olivier Blanchard, recently made this statement: "One has the feeling that at any moment, things could get very bad again."

#16 A recent IMF report admitted that the current financial crisis could lead to the break up of the eurozone....

    Under these circumstances, a break-up of the euro area could not be ruled out. The financial and real spillovers to other regions, especially emerging Europe, would likely be very large.

    This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse.

#17 George Soros is publicly declaring that the European Union could soon experience a collapse similar to what happened to the Soviet Union.

#18 A member of the European Parliament, Nigel Farage, stated during one recent interview that it is inevitable that some major banks in Europe will collapse....

    There are going to be some serious banking collapses and the impact of that on some sovereign states, will be serious. I’m afraid we’ve gotten to a point where we really can’t stop this now. We’re beginning to reach a stage where however much false money you create, the problem becomes bigger than the people trying to solve it. We are very close to that point.

    When I talk about the threats and the risk that this thing could wind up in some kind of rebellion, some sort of awful social cataclysm, they (other European politicians) are now very worried indeed. They will talk to you in private, but in public, nobody dares utter a word.

    I think the deterioration, in the last two or three weeks, in the eurozone is very serious indeed. It’s the bond spreads in Italy and Spain. It’s the fact that youth unemployment is now over 50% in some of these Mediterranean countries.

    It’s riot and disorder on the streets. And yet a month ago I was here and there was Herman Van Rumpuy telling us, ‘We’ve turned the corner. Everything is solved. There are no more problems with the eurozone.’ What a pack of jokers they look like.”

#19 The IMF is projecting that Japan will have a debt to GDP ratio of 256 percent by next year.

#20 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.

#21 Over the past six months, hundreds of prominent bankers have resigned all over the globe.  Is there a reason why so many are suddenly leaving their posts?

#22 The 9 largest U.S. banks have a total of 228.72 trillion dollars of exposure to derivatives.  That is approximately 3 times the size of the entire global economy.  It is a financial bubble so immense in size that it is nearly impossible to fully comprehend how large it is.

The financial crisis of 2008 was just a warm up act for what is coming.  The too big to fail banks are larger than ever, the governments of the western world are in far more debt than they were back then, and the entire global financial system is more unstable and more vulnerable than ever before.

But this time the epicenter of the financial crisis will be in Europe.

Outside of Europe, most people simply do not understand how truly nightmarish the European economic crisis really is.

Spain, Italy and Portugal are all heading for an economic depression and Greece is already in one.

The European Central Bank was able to kick the can down the road a little bit by expanding its balance sheet by about a trillion dollars over the last nine months, but the truth is that the underlying problems in Europe just continue to get worse and worse.

It truly is like watching a horrible car wreck happen in slow motion.

The good news is that there is still a little time to get yourself into a better position for the next financial crisis.  Don't leave yourself financially exposed to the next crash.

Sadly, just like back in 2008, most people will never even see this next crisis coming.

So do you have any other red flags to add to the list above?  Please feel free to post a comment with your thoughts ....
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« Reply #4 on: May 01, 2012, 09:58:14 pm »

Total US Debt Soars To 101.5% Of GDP
1 May 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/total-us-debt-soars-1015-gdp

Excerpt:

There is nothing quite like a $70 billion debt auction settlement at the last day of a month to bring total US debt to a record $15.692 trillion, which happens to be just $600 billion shy of the $16.394 trillion debt ceiling.

(and no, contrary to simple economic textbook lesson, this does not mean that the private sector just got another $70 billion in debt capacity courtesy of taxpayers, as explained here).

And now that we know what Q1 GDP was at the end of Q1, or namely $15.462 trillion, it is simply math to divine that today alone total US/debt to GDP rose by 50 bps to a mindboggling 101.5%.

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« Reply #5 on: May 26, 2012, 09:21:44 am »

Investors may be headed toward ‘fiscal cliff’ - Portfolio moves to consider ahead of debt debate, ‘taxmageddon’
25 May 2012, by Andrea Coombes - San Francisco (MarketWatch)
http://www.marketwatch.com/story/investors-may-be-headed-toward-fiscal-cliff-2012-05-25

Investors are reeling from Europe’s deepening economic crisis, but they may soon find themselves battered closer to home as the U.S. economy closes in on another debt-ceiling debate and teeters toward the edge of a “fiscal cliff.”
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« Reply #6 on: May 26, 2012, 09:23:28 am »

Freddie Mac: Multifamily delinquencies up in April
25 May 2012, by Kristin Jones (MarketWatch)
http://www.marketwatch.com/story/freddie-mac-multifamily-delinquencies-up-in-april-2012-05-25

Mortgage delinquencies on multifamily homes continued to rise in April, while single-family home delinquencies were flat, according a monthly report from Freddie Mac.

Multifamily delinquencies rose in April to 0.25%, from 0.23% in March.

Delinquencies on single-family homes were roughly flat, after falling in February and March.

Freddie Mac's report also showed that its total mortgage portfolio dropped at an annualized rate of 14.1% in April to $2.03 trillion.

Mortgage financier Freddie Mac and sister company Fannie Mae (FNMA) were taken over by the government in 2008 at the height of the credit crisis.

Freddie Mac's performance has lately begun to improve as it sets aside less money to cover potential credit losses.
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« Reply #7 on: June 01, 2012, 05:33:41 pm »

http://news.yahoo.com/stocks-suffer-years-worst-day-jobs-report-201844063--abc-news-personal-finance.html

6/1/12

After a dismal May jobs report, U.S. stocks had their worst day in 2012, erasing the gains for the year and touching lows for a number of benchmarks.
 
The S&P 500 index fell nearly 2.5 percent to 1,278 as the tech-heavy Nasdaq fell over 2.8 percent to 2,747. The Nasdaq had its worst start to June on a point basis ever. The Dow Jones industrial average fell over 2.2 percent to 12,117.
 
Paul Larson, chief equities strategist with investment firm Morningstar, said while investor anxiety has sprung from a number of sources of late, today's jobs report tipped the scales toward red.
 
The Labor Department reported the U.S. economy added 69,000 jobs in May, fewer than the 150,000 many economists had expected, and the unemployment rate rose to 8.2 percent.
 
Concern about Europe's debt crisis and whether Greece will leave the euro zone currency union have clouded the U.S. economic recovery for the past several months.
 
"The market is on edge beacuse of that and today we find that the economic recovery here in the  United States while still progressing, is recovering quite anemically," Larson said.
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« Reply #8 on: June 01, 2012, 05:40:20 pm »

What recovery?  Roll Eyes
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« Reply #9 on: June 02, 2012, 11:38:15 am »

Alternate Unemployment Charts

Last Updated: June 1st, 2012



May Unemployment: 8.2% (U.3), 14.8% (U.6), 22.7% (SGS)

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.

That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number.

The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.
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« Reply #10 on: June 03, 2012, 10:52:19 pm »

Former Hedge Funder’s Fearful Forecast: We‘re Looking at ’The Biggest Economic Shock the World Has Ever Seen’ & There’s Nothing We Can Do to Stop It
By Becket Adams | The Blaze – Sat, Jun 2, 2012

Former co-manager of the GLG Global Macro Fund Raoul Pal has joined the growing chorus of economists who believe the global economy is headed in the absolute wrong direction.
 
What does the Goldman Sachs alumnus see on the horizon?
 
Mr. Pal, who writes for The Global Macro Investor, a research publication intended only for larger institutions, hedge funds, and family offices, believes that a global banking collapse and massive defaults will bring about “the biggest economic shock the world has ever seen” — and there’s nothing we can do to stop it.
 
Well, that’s pretty dire. Does he have anything to back up his claims?
 
We’re glad you asked. Without further explanation, here is “The End Game,” Pal’s impressively comprehensive (and grim) presentation on the current state of the global economy:

read more to look at the photos inside
http://news.yahoo.com/former-hedge-funder-fearful-forecast-looking-biggest-economic-190840194--finance.html;_ylt=AjA0kb8lt8zDzUibTu0NzFjzWed_;_ylu=X3oDMTRvMnZla2NuBGNjb2RlA2dtcHRvcDEwMDBwb29sd2lraXVwcmVzdARtaXQDTmV3cyBmb3IgeW91BHBrZwM2MGFmNjZhNC0xMzc1LTMwNDYtOGFjNC0wNjM3OGZiNjk2YzQEcG9zAzgEc2VjA25ld3NfZm9yX3lvdQR2ZXIDNWNlYTRjYTEtYWNlNi0xMWUxLWIzZWQtMTdjMzU5YTNlYTVh;_ylg=X3oDMTJuZXF1bTVsBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDYWQ3MGM1MjMtYmM3Yi0zYjZmLTgxMTItY2Q5NTJmYzlmZGViBHBzdGNhdAN1LnMuBHB0A3N0b3J5cGFnZQ--;_ylv=3
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« Reply #11 on: June 06, 2012, 01:04:15 pm »

U.S. debt to top 70% of GDP by end of 2012: CBO
5 June 2012, by Robert Schroeder - Washington (MarketWatch)
http://www.marketwatch.com/story/us-debt-to-top-70-of-gdp-by-end-of-2012-cbo-2012-06-05-10912432

The U.S. federal debt will exceed 70% of GDP by the end of 2012 -- the highest percentage since shortly after World War II -- the Congressional Budget Office said Tuesday in a new long-term budget outlook.

The CBO also said that if current laws stay in place, spending on federal health-care programs would grow to nearly 10% of GDP in 2037 from more than 5% now.

Under one scenario considered by the CBO, the debt would reach almost 200% of GDP in 2037.
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