I'd say the shit could hit the fan, this and home repos... ack

http://biz.yahoo.com/ap/070615/economy.html?.v=12

http://www.brillig.com/debt_clock/

The estimated population of the United States is 302,165,278
so each citizen's share of this debt is $29,286.01.

The National Debt has continued to increase an average of
$1.32 billion per day since September 29, 2006!
Concerned? Then tell Congress and the White House!




Consumer Prices Shoot Higher in May
Friday June 15, 9:25 am ET
By Martin Crutsinger, AP Economics Writer
Consumer Prices Shoot Up at Fastest Pace in 20 Months in May, Fueled by Surge in Gas Prices


WASHINGTON (AP) -- Consumer prices shot up at the fastest pace in 20 months in May, fueled by a surge in gas prices, although inflation pressures were moderate in most other areas.
The Labor Department reported that its closely watched Consumer Price Index registered a 0.7 percent increase last month, the biggest advance since Hurricane Katrina shut down Gulf Coast oil production in the fall of 2005.


Outside of the volatile energy and food categories, inflation rose by a much more modest 0.1 percent. That was slightly lower than the 0.2 percent which had been expected and provided reassurance that this year's surge in energy costs has not spread to other parts of the economy.

Meanwhile, the Federal Reserve reported that industrial production was flat in May after a 0.4 percent surge in April. The slowdown in May had been expected. While factory output and mining, which includes oil drilling, both posted increases, those gains were offset by a 1.3 percent plunge in output by the nation's utilities. This reflected a return to milder weather after a colder-than-normal April.

Why do they always guage inflation AFTER removing the two most crucial markets? Everybody needs food, and everybody need fuel - they are the PERFECT guage of where inflation really is.

I noticed that fresh fruit was up 30% where I normally shop. THAT's inflation.

Because it can then be measured and somebody might get held accountable eventually.

Only hacks at Treasury do. Most economists use a weighted average number called "total inflationary impact". It calculates the direct cost of energy based upon household averages and includes it into the market basket.

The media only reports the number used by the gov't though.
GAC

The LEIs reflect only the indicators that affect the wealthiest, for the most part.

:eyes:

everything would be fine then. No problem. The economy is good, sez the chimperor. :dunce:

2% milk is up to $3.66 a gallon and a large container of cottage cheese has gone to $3.19.
I remember paying $.64 for a half gallon of whole milk and $.79 for a carton of cottage cheese in the late 60's when I was first married. Course, bread was like $.19 and hamburger was $.69 a pound.

I cannot recall where I heard this -- but yeah, we're doing GREAT huh? :sarcasm:

were conned into doing it anyway.. They just ended up renting a house they could not afford for a few years, and now have ruined credit to show for it..

There used to be strict boundaries concerning family income and percentage of debt to assets to even qualify..

Two income families skewed everything.. There was time when ONE income was the basis to buy a home.. These days with "paper wealth" looking better than it is, people get in too deep.. And back when there was real job security, lenders pretty much knew who could afford a house and who could not..

People making 6 figures now, could both be outsourced in two years..

I believe they were already above average THEN!

Heckuva economy, georgie!

and wall street say, the American people live with the effects of the double digit inflation, every damn day. Don't ever expect anything like the truth while bushco remains in office.