Who knows, Who cares

YES!!!

(Source: fuckyeahawesomefood, via sexualpeaches)

ilovecharts:

Eeeeek! (from Calculated RISK via Business Insider)

ruhroh.

The important thing to note about this, is that if it takes 25 months to go all the way down, then it is going to take that long to get back to where we were in 2007, that is if you assume that we are going to jolt out of this slump. 

Unfortunately this graph shows what the Federal Reserve and major economic players have already stated, this is going to be a long protracted recovery.

If you look at the 9 months before bottoming out for employment losses you see that it took four months to go from -%5 job losses to -6%. On the other side, it has double that and taken 8 months to go from -6% to -5%.

What is even more worrisome is that in the last five months jobless claims have inched higher, not lower. We are still creating jobs, but not at a fast enough rate to employ all the laid off people and the new people entering the job force.

What does this mean you ask, how do we create more job you wonder? Well to put it bluntly we are in a tight spot. The Federal reserve is doing everything it can to extend cheap credit to the market, however the banks are not willing to lend out the huge amounts on their balance sheets because they are still waiting for the final regulations to come out from last years Dodd-Frank Act, i.e. FinReg or the Financial Regulatory overhaul bill. 

Why is this, well it is because Congress left a lot of rules up to the Federal Reserve and a new oversight board to make up, and when you add more rules and regulations you need more attorneys, analysts, and economists to figure out what they should be. Which results in all the banks (i.e. the gas for our economy) saying “Hold up there- we dont know what these new rules are going to be, and we are not going to get caught with our pants down, lets just hold off.”

So we have less gas in the tank which means we cant go as far and fast as we normally could. Add in the price shock from high fuel and food costs (caused by the cheap credit in the market, i.e. the Federal Reserve), the disaster in Japan, upset in the middle east, and major destruction in the heartland and you have the recipe for a real nasty meal of slow growth.

So if you are looking for one number to mean that things are getting better. Look for 3%, not just any 3% but 3% GDP growth, when the economy hits that pace we will be creating enough jobs to bring more people into the job force then are being let go/ entering. 

But do not expect that anytime soon, and don’t expect to get back to that 0% job lose baseline anytime in the next 30 months.

this is amazing.

(Source: fuckyeahawesomefood)

The fact that I laughed and reblogged this…. 

(Source: ilovecharts)