Signs That The Global Economic Turmoil Is Just Beginning
Posted by freedomforall 9 years, 2 months ago to Business
From the article:
1. The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.
2. The Baltic Dry Index just hit yet another brand new all-time record low. As I write this article, it is sitting at 303.
3. U.S. factory orders have now dropped for 14 months in a row.
4. In the U.S., the Restaurant Performance Index just fell to the lowest level that we have seen since 2008.
5. In January, orders for class 8 trucks (the big trucks that you see shipping stuff around the country on our highways) declined a whopping 48 percent from a year ago.
6. Rail traffic is also slowing down substantially. In Colorado, there are hundreds of train engines that are just sitting on the tracks with nothing to do.
7. Corporate profit margins peaked during the third quarter of 2014 and have been declining steadily since then. This usually happens when we are heading into a recession.
1. The number of job cuts in the United States skyrocketed 218 percent during the month of January according to Challenger, Gray & Christmas.
2. The Baltic Dry Index just hit yet another brand new all-time record low. As I write this article, it is sitting at 303.
3. U.S. factory orders have now dropped for 14 months in a row.
4. In the U.S., the Restaurant Performance Index just fell to the lowest level that we have seen since 2008.
5. In January, orders for class 8 trucks (the big trucks that you see shipping stuff around the country on our highways) declined a whopping 48 percent from a year ago.
6. Rail traffic is also slowing down substantially. In Colorado, there are hundreds of train engines that are just sitting on the tracks with nothing to do.
7. Corporate profit margins peaked during the third quarter of 2014 and have been declining steadily since then. This usually happens when we are heading into a recession.
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As to classical music, you and I are in agreement that some of the best is being written for movies. Composers of today seem to have forgotten that the whole idea of music is that it is a form of entertainment, not a test that one goes to in order to figure out what the hell is going on. John Williams is a favorite in the kind of music of Berlioz, Elmer Bernstein's music for westerns and of course Marlboro cigarettes.
This is also why one comic book hero (who could beat all the depressed demi-gods) in particular is mostly ignored: Superman is just too good. Can't have a main character who "never lies."
That was only because of her father and her brother and her uncle and her boyfriends. Evil white men who ignored her emotional needs, choosing to make money to pay for her gourmet meals, McMansion, designer clothing, Harvard tuition, and Porsche speedster.
Tv writing has been sexist since before sexist was a word. Got to keep the viewers hate and fear levels high to distract them from the real dangers.
The ethical "heros" that tv does give us all seem to work for the NYPD or the FBI, notably Henry Morgan of the cancelled Forever, and Rick Castle of Castle. Only wish the FBI was run by one of those characters.
I totally agree with you, Herb, about the writhing, beat-up, dark, 'heros', notably Daredevil and Jessica Jones. This feels similar to SF in the 1970's, when Analog published story after depressing story about bad people doing sad things. I will stick with Captain America, thank you (and Thor is just not hard to look at...mmm). There was a telling scene in Ultron when Hawkeye's wife tells him that the team needs him (in spite of the fact that he is an archer trying to keep up with demi-gods) because he is the only grown-up on the team. We are idolizing people whose lives are falling apart in spite of the tremendous assets they have - and this is a bad symptom.
Jan
You are 100% correct. But not only are the economic signs frightening, predicting as they do a total burst (there isn't any bubble left) but culturally, the future looks bleak. For example: "Pride and Prejudice and Zombies?" Holy moly, gimme a break! The Florida Symphony giving a series of concerts based on movie themes, Beatles tunes, etc. Whatever happened to Peter and the Wolf? Then, there's Netflix. I started watching a series about a woman with super powers. I thought, at last a woman superhero. Turns out she's a boozing, slutty, confused person with only one major virtue, which is she refrains from killing people. Whoopie.
SO...The country is heading for economic and cultural dissolution. Will we survive? Will we want to survive? I hope so, because I've got grandkids, and a great grandkid. I want them to carry on with the Herbie genes. Maybe they'll be the ones to turn things around.
(My retired Marine hubby has a tiny anti-establishment streak.)
Get a more pro-free market President elected and much can be reversed.
I don't think that's a sure thing but it's scary.
About a month earlier I read an article that opined that the king wants to move up to an emperor by being the chairman for the United Nations.
Short term price swings that are not the result of new technologies may be bad for the economy, but not truly important in the long term in technologically dynamic economy.
Rather re-read Atlas Shrugged, Unintended Consequences, or Pendulum of Justice.
Aaaauuugh !!!
"Roadside bombers and tsunamis
Oh god How I miss those Commies
No one really plays fair anymore"
;)
you must live near grand junction because I have been looking at for over a year now at least one mile or more of engines. I commented about this a while ago.
The recession started during the bush administration and the new no nothing that moved into the white house has done his best very successfully I might add to the further the decline in the economy. success comes with a price. people write to me all the time enquiring when my sale will end, I tell them when the economy gets better, and they breathe and sigh of relief. do you think they understand that the situation is not good for them if all products are being sold a reductions, no!
Ayn Rand was an optimist when she ended AS on a positive note. The reality is we will continue to deteriorate for the next 10 to 20 years and more and more industry will come to a halt. This down turn is affecting the whole world and we will ultimately be the last to fall. the primitive cultures will not be affected because they have nothing like we have, but the advanced cultures who have a higher economic life style will. The first to decline are the oil producing countries of the middle east. the warring going on there now is just the beginning, but from there it will spread globally. as g. bush said "welcome to the new world order".
The bills for Part I are coming due
The President hasn't a clue
But sees the chance to raises taxes a few
Notches up and help him lose
Those Legacy Losing gone to hell blues
It's all about him and to hell with us
Let's kick him out send him home on a bus
With a one way ticket we don't need the fuss
And bother from a loser nor hear the wuss
Sing another verse from the useless cuss
Of the Legacy losing gone to hell in a hand basket Great Recession...... Oh bah mah blues.
Dylan does it better.....
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