Whats this you say?

[url]http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7857595/RBS-tells-clients-to-prepare-for-monster-money-printing-by-the-Federal-Reserve.html[/url]


[QUOTE]The ECRI leading indicator produced by the Economic Cycle Research Institute plummeted yet again last week to -6.9, pointing to contraction in the US by the end of the year. It is dropping faster that at any time in the post-War era.

The latest data from the CPB Netherlands Bureau shows that world trade slid 1.7pc in May, with the biggest fall in Asia. The Baltic Dry Index measuring freight rates on bulk goods has dropped 40pc in a month. This is a volatile index that can be distorted by the supply of new ships, but those who watch it as an early warning signal for China and commodities are nervous.

Andrew Roberts, credit chief at RBS, is advising clients to read the Bernanke text very closely because the Fed is soon going to have to the pull the lever on "monster" quantitative easing (QE)".
[/QUOTE]

Very interesting things going on right now, talking on another board i find this post.

[QUOTE]A collapse in the ECRI (which so many of us economists watch) below -3.5% has predicted a negative GDP print 70% of the time with only two false readings and with a three month lag. A collapse below -10% has been 100% accurate. The rate of change in the decline of the ECRI is picking up..... draw your own conclusions from there.
[/QUOTE]


[QUOTE]The three month lag means that within 3 months of the ECRI turning down by 3.5% (with only two headfakes in the history of the series), the idiots over at the BLS declare that we are in a recession, which means we "have" been in one since their data lags. In other words, within 3 months of the ECRI dropping to -3.5% (which it now stands at a revised -6.9%) the economy is declared to be in a recession (again, with two false readings)...

Now, over 42 years of data, and never being wrong, when the ECRI crosses -10%, you have a recession. 100% of the time. We are now at -6.9% and plummeting.[/QUOTE]



Where is the good news in this mess of a recovery? seriously?

New houses down 32.7 % in may
[url]http://money.cnn.com/2010/06/23/real_estate/new_home_sales/index.htm[/url]

existing home sales down 2 %
[url]http://money.cnn.com/2010/06/22/news/economy/existing_home_sales/index.htm[/url]

excess reserves showing NO lending going on

[IMG]http://research.stlouisfed.org/fred2/data/EXCRESNS_Max_630_378.png[/IMG]


Unemployment benefits cut for 1.2 million people now and 200k each week after.
http://michiganmessenger.com/39113/death-of-unemployment-bill-means-more-state-budget-cuts


On the housing side


All 50 states are reporting year-over-year increases in bank repossessions!
http://www.prescottenews.com/?option=com_content&task=view&id=3621


So whats the problem here? how come all of that money did not kick start the economy and we are not back at before 08 levels again?

It's because the system is dying out, throwing money at the problem is only extending the timeframe of total failure. You dont need a phd in economics to see what is clearly before your unemployed, underemployed or soon to be either one of those, eyes.

Take the time now, to buy what you need to live by your means only, there is plenty of information on the web to help you. If you have kids or someone you love, and think there is a 5% chance of this happening, is that not to much of a chance for you to take some kind of action?