One of the scariest charts I’ve seen.
This is what you get when a society allows financial oligarchs to take over the economy and rape and pillage at will with zero repercussions.
Scary Charts
Scary Charts – Labor Force Participation At Lowest Since 1984
The NFP report confirms the picture we have all known to grow and love – the people “entering” the labor force are temp workers, those with marginal job skills, and making the lowest wages. For everyone else: better luck elsewhere: the number of people not in the labor force has soared by 7.5 million since January 2007, and the average duration of unemployment is 40.8 weeks – essentially in line with last month’s record 40.9. Bottom line – if you are out of a job, you are out of a job unless you are willing to trade down to an entry level “temp-like” position with virtually no benefits or job security.
Click the link for the charts. In prior posts I’ve reproduced Scary Charts on my website. For these charts I’d like my readers to go to the source, especially if you have never read Zero Hedge.
I spend a lot of my “free” time catching up on the news. Saturday mornings are my favorite time to catch up on news, think, and reflect. We all need time to think deeply.
Scary Chart of the Day 10.21.11
Economist’s View: “First Look at US Pay Data, It’s Awful”
The median paycheck — half made more, half less — fell again in 2010, down 1.2 percent to $26,364. That works out to $507 a week, the lowest level, after adjusting for inflation, since 1999.
A VERY Scary Chart
I had gotten away from posting Scary Charts. There were just too many to pick from. But when I came across this graphic, well I just had to post it.Scary Chart of the Day – 9/15/11
EconomPic: The Evolution of Food Consumption
While not a surprise, this is rather concerning. I recently outlined that bottom earners have been earning less for the better part of the past 15+ years and it looks like it may be actually impacting the dietary habits of Americans (i.e. eating less [unlikely] or eating cheap / unhealthy food [likely]).
The crossover point in 1999-2000 is what fascinates me.
I was relaxing, catching up with the news when I realized I hadn’t posted a Scary Chart in quite some time. Then, I saw this chart. The quote above is from the author of the chart, not me. Interesting, eh?Thought for Today – 7/31/11
Dani Rodrik’s weblog: The great divergence, the other way around
Dani Rodrik’s weblog: Will the divergence in growth result in eventual convergence in incomes?
Dani Rodrik, Professor of International Political Economy at Harvard University, is the author of The Globalization Paradox: Democracy and the Future of the World Economy. HT to Mark Thoma at his blog Economist’s View.
I have no further comment on this topic because there is a lot to think about here.
Down 33% Since 2006 (no Scary Chart)
Case-Shiller: Current Slump in US Housing Market Worse Than Great Depression
No scary chart needed for this awful number.
What Bubble?
Tracking Suspiciously Explosive Market Growth — New York Magazine
HT Tadas Viskanta at Abnormal Returns. Go to the original article for your Scary Chart of Bubbles.
Scary Charts – 01/09/11
Calculated Risk: Summary for Week ending January 8th
Job creation poor, participation rate down, YES unemployment is down!
I sincerely hope my readers continue on to read the source articles of my posts. I always credit my sources and thank them all for providing content.
I do claim credit for the persnickety comments.
Private Sector Payrolls Add 297,000 in December
EconomPic: An Employment Report We’ve Been Waiting For
I hope some underwriters are in those December statistics
Scary Chart of the Day – 12/06/10
This is scary if you think about it enough.
I debated whether or not this chart deserved to be a scary chart. Obviously I decided it was scary enough. Despite the lower cost of some stuff, deflation overall is not a good thing.
Economist’s View: FRBSF: Disinflation – It’s Not Just Housing
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