Friday, February 04, 2011

Recovery? Trouble Ahead in America

 Issue                                                                                       January 2009  January 2011  %Chg

Avg. retail price/gallon gas in U.S.
$1.83
$3.104
69.6% 
1
Crude oil, European Brent (barrel)
$43.48
$99.02
127.7% 
2
Crude oil, West TX Inter. (barrel)
$38.74
$91.38
135.9% 
2
Gold: London (per troy oz.)
$853.25
$1,369.50
60.5% 
2
Corn, No.2 yellow, Central IL
$3.56
$6.33
78.1% 
2
Soybeans, No. 1 yellow, IL
$9.66
$13.75
42.3%
2
Sugar, cane, raw, world, lb. fob
$13.37
$35.39
164.7% 
2
Unemployment rate, non-farm, overall
7.6%
9.4%
23.7% 
3
Unemployment rate, blacks
12.6%
15.8%
25.4% 
3
Number of unemployed
11,616,000
14,485,000
24.7% 
3
Number of fed. employees, ex. military (curr = 12/10 prelim)
2,779,000
2,840,000
2.2%
3
Real median household income (2008 v 2009)
$50,112
$49,777
-0.7%
4
Number of food stamp recipients (curr = 10/10)
31,983,716
43,200,878
35.1% 
5
Number of unemployment benefit recipients (curr = 12/10)
7,526,598
9,193,838
22.2% 
6
Number of long-term unemployed
2,600,000
6,400,000
146.2% 
3
Poverty rate, individuals (2008 v 2009)
13.2%
14.3%
8.3%
4
People in poverty in U.S. (2008 v 2009)
39,800,000
43,600,000
9.5%
4
U.S. rank in Economic Freedom World Rankings
5
9
n/a
10
Present Situation Index (curr = 12/10)
29.9
23.5
-21.4% 
11
Failed banks (curr = 2010 + 2011 to date)
140
164
17.1% 
12
U.S. dollar versus Japanese yen exchange rate
89.76
82.03
-8.6%
2
U.S. money supply, M1, in billions (curr = 12/10 prelim)
1,575.1
1,865.7
18.4% 
13
U.S. money supply, M2, in billions (curr = 12/10 prelim)
8,310.9
8,852.3
6.5%
13
National debt, in trillions
$10.627
$14.052
32.2% 
14


Just take this last item:  In the last two years we have accumulated national debt at a rate more than 27 times as fast as during the rest of our entire nation's history. 
(1) U.S. Energy Information Administration; (2) Wall Street Journal; (3) Bureau of Labor Statistics; (4) Census Bureau; (5) USDA; (6) U.S. Dept. of Labor; (7) FHFA; (8) Standard & Poor's/Case-Shiller; (9) RealtyTrac; (10) Heritage Foundation and WSJ; (11) The Conference Board; (12) FDIC; (13) Federal Reserve; (14) U.S. Treasury