Friday, October 29, 2010

NOT, KNOT

What supports Consumers:

  • end of Bush tax cuts
  • cuts to State budgets
  • tech orders down 3 of last 4 months
  • durable goods (EX AIRCRAFT) fall .8%
  • 99'ers loss of jobless benefits
  • no relief in unemployment, jobs
  • no apparent bottom in housing 3 years into crisis
  • consumer spending held up with 20% coming from handouts
  • real final retail sales up scant .9%, WEAKEST rebound of ANY Recovery from Recession
  • consumer cofidence (lack thereof)
  • business confidence
  • fraudclosure
  • .000000000000003% paid to savers (exageration, but I showed how $2M in MM gets you SQUAT!...distortions run amock)
  • oil above $80. Gas $3
  • Box cereal $4
  • Stricter lending standards
  • Continued contraction in loan demand
  • GDP continues to contract

help me rhonda

Duratek

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