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Noah and the Ark
http://money.cnn.com/2008/12/01/news/economy/recession/
http://www.bls.gov/news.release/empsit.nr0.htm
We think leading, coincident and lagging indicators may have a long way to fall.
We may see numerous false reflex rallies stairstepping down, eg from 1906 to 1908 or 1929 to 1932. It may take the actual economy years or decades to recover, as it did then despite, or perhaps because of government intervention. After all, where does government get it’s wealth? It borrows or takes it from the people.
We are seeing a January effect with small cap stocks, already a third above their November lows.
http://stockcharts.com/charts/gallery.html?$RUT
Small companies may run up until March before returning to the long-term downtrend on large companies.
Productive Jobs Grow the Economy
Real out of work numbers are higher than most know.
Corporate and government leaders long ignored record real shadow unemployment of 16% with declining standards of living.
http://www.shadowstats.com/alternate_data
Those out of work over a year may be dropped from the rolls. Britain finally quietly admitted real unemployment six times official statistics.
http://www.dailymail.co.uk/news/article-475517/Unemployment-rate-times-higher-official-figures.html
Government agencies too long rewarded failed corporations and illegal aliens, ignoring vox populi passing protective propositions as jobs were shipped overseas and real pay downgraded.
Judges and Politicians bailed out select industries. Their agents bailed out select companies. They subsidized illegal immigrants with free education, healthcare, prisons and welfare mandates, taxing the overall American population. They created a pyramid of debt and house of cards which is collapsing.
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