I'm Sure Glad The Recession Ended
Economics / Recession 2008 - 2010 Mar 01, 2010 - 04:17 AM GMTBy: Mike_Shedlock
It's a good thing the recession ended. Otherwise, key economic charts might look something like this.
Total Loans and Leases Percent Change From Year Ago
Total Loans and Leases
Total Revolving Credit
Total Revolving Credit Percent Change From Year Ago
Housing Starts
State Income Tax Receipts
State Income Tax Receipts Percent Change From Year Ago
If you believe retail sales are going up because of government reports on Advance Sales, then please think again.
You owe it to yourself to read Retail Sales Rise: Where? Let's Take a Look; Expect Nothing Less Than Panic.
After you click on and read the above link, take a good hard look at that last chart and ponder the implications in regards to union salaries, school budgets, pension promises, medical benefits, etc.
Next think about what the massive wave of boomer retirements might do to boomer spending habits and future tax revenue.
Next think about the implications on consumer spending habits were tax hikes attempted to cover any shortfalls.
Then please consider just what might happen if the US stock market went sideways for five years.
Finally, please consider just what might happen if the US stock market were to mimic the Japanese Nikkei like this.
Nikkei Monthly Chart
But hey, not to worry, after all the recession is over, the above charts are a mere figment of everyone's imagination, and what happened in Japan cannot possibly happen here.
Or can it?
By Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.comClick Here To Scroll Thru My Recent Post List
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management . Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit Sitka Pacific's Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.
I do weekly podcasts every Thursday on HoweStreet and a brief 7 minute segment on Saturday on CKNW AM 980 in Vancouver.
When not writing about stocks or the economy I spends a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com .
© 2010 Mike Shedlock, All Rights Reserved.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
