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January 19, 2016

"Anyone claiming that America's economy is in decline is peddling fiction," said Obama.

Figured by the Depression era method, unemployment is 23%. Retail is still in retreat, railcar loadings are way down, including intermodal.
Equities have fallen around 12%, forced selling and margin calls are in motion, and the VIX is percolating above 25. Oil dropped below 30, drillers and frackers are taking their meals at the Chateau de Salvation Army, the whole Chinese economy has cheerfully stepped off the ledge and the high seas are all but untroubled by commerce—the Baltic Dry Index fell under 400 for the first time. Ever. Oh, and the unwinding of enough debt for a whole nuther galaxy is under way. Fiction? No wonder the media is touching the hem of Obama's robe with ten-foot poles.

Yes, it's a fresh Woodpile Report

Posted by gerardvanderleun at January 19, 2016 11:28 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Mr. Hussein not only smells of feces, he is feces. And that feces carries contagious diseases which have no cure.

Posted by: Terry [TypeKey Profile Page] at January 19, 2016 12:43 PM

The economy is in the basement, but you can't say that in polite company. Feels Stalinist to me.

Posted by: Casey Klahn [TypeKey Profile Page] at January 19, 2016 4:25 PM

Casey, you're right, it does. And the nice part is that it will do exactly what all of the Marxist/Leninist tripe did: Fail.

Hussein is trying to do what science tell us is impossible, that is to destroy matter. He has one year to go and he leaves a trail of failure and for his myrmidons, much pain.

Posted by: Vermont Woodchuck [TypeKey Profile Page] at January 20, 2016 11:27 AM

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