Wednesday, March 11, 2015

COTW: A Real Economic Indicator

Perhaps you could call this a leading indicator? Anyway it is more revealing than a stock chart because it's not rigged by the casino's owners:

source: Zerohedge.com
The shelter figure for January was the highest on record and it is still climbing. Every night in the citadel of capitalism about 60,000 people including 26,000 children sleep in shelters, an increase of about 20,000 in three years.  In 2014 3,357 homeless slept on the streets or in parks, an increase of 6% over the previous year.  The labor participation rate is at 37 year lows.  U-6, a broader measure of unemployment than the offical figure but which still leaves out those not counted in the labor force, stands at 11%, down from over 17% at the official end of the Great Panic of 2008.  Meanwhile, US tanks and equipment roll into Latvia.  And while you are at it, screw Iran too!  Nothing like a good nuclear war to distract the plebs.