Bread and Circus.

[GigantorX]

-Housing is tanking
-Employment reports are terrible.
-Past employment reports have been revised down.
-Consumer spending down.
-U.S. debt and spending at all time high.
-No end in sight.
-Philly Fed reports a reading of 8 when investors predicted a 20.
-Govt. hiring is soaring.
-Incomes stagnant or declining.
-U.E. still hovering around 10%


But hey, the mean old Sen. Barton apologized to the Pres. of B.P. for Obama's demeanor towards him and his company. Yeah, this is important, while the economy is still, despite this Administrations best attempts at lying,  in the tank. And Rush is saying stuff on the radio! And some other guy said some stuff on Fox News that I don't agree with!!!! What a crock.

It worked for the Romans and it's working in this nation as we speak......just look at the Top 10 Topics on this board.

[Soul Crusher]

Yup.  Classic diversion from reality.   I posted some great stuff recently on the FINREG bill and how we are being sold out and none of these fools commented on it.  Yet, we get some idiot making a dumb comment on BP and they jump up and scream like trained monkeys for their master all to provide cover from the disaster unfolding daily., 

[Bindare_Dundat]

-Philly Fed reports a reading of 8 when investors predicted a 20.




[/quote]

Whoa. I read about this a couple of days ago I think but didnt post simply because of what you just said. Why bother sometimes?

[Bindare_Dundat]

As leading indexes go, ECRI's are almost universally acknowledged to be among the very best, if not the very best. While still far from perfect, the ECRI short and long leading indexes have done a decent job of signaling major turning points in economies.

With this in mind, it is notable that the ECRI US Weekly Leading Index has now dropped to a level consistent with an economy tipping into recession, more often that not.