Guest Post: The Economy In Pictures | Zero Hedge.
How Rock ‘N’ Roll Can Explain The U.S. Economy : It’s All Politics : NPR.
Saturday morning, a little exercise, a lot of coffee, time to catch up on the news. Then it dawned on me: I haven’t posted any Scary Charts in a while. Click the first link above and feast your eyes. Then read the article on NPR to remind yourself…
It’s only rock and roll but I like it.
Holy Crap Batman!
So our question is: at what point does the perpetually self-deluded US population finally admit to itself that when even 99 cent meals are no longer affordable, that this country has a problem?
via Chart Of The Day: When $0.99 Becomes Unaffordable, We Have A Problem | ZeroHedge.
It has been a long, long time since I had a Scary Chart post. Well, your wait is over.
I am part of the green line. Click through below for an excellent analysis.
Yikes!
As the following graphic from IBD demonstrates, for the first time in history, a majority of jobless workers over 25 have attended some college, and now outnumber those without a job who simply have a high school diploma or less. But at least those in the fomer category have tens of thousands of non-dischargeable debt to show for it.
via The Benefits Of A College Education | ZeroHedge.
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.
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.
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